Looking at where Price is at over all and also in the straight perspective. Over all it has broken above 61.8 of the over all down move. So I think it is heading to the 78.6, forming a larger harmonic possibly. Butterfly. Yet when looking at the price in front of me and its movement. I see it has slightly rejected at the 1.414 and its initial retracement was 38.2 a cypher pattern. So really we need t just wait and see what price is going to do. Will it continue to reject at this level and come back down, or will it rise to the 78.6/88.6 ratio's
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