This will be a zone hard to break. If not the start of a bull run, this zone would definitely give you some major reaction. You can't ignore 61.8% when it's been supported with strong support and resistance. If this reacts, im all in to wait for a new high. Maybe... to the moon.
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It has reacted at 0.5% fibo. 31518*
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look where we are now, waiting in the zone to show a reversal.
@jvGator i agree sir, Any zone is a valid zone. You might want to look at daily chart. You'll see 1.618 sitting nicely at the level I'm pointing out, hence i believe this would be the start of a bull run if it comes. Good luck!