I've screwed up here as didn't do a basic fib daily chart . Worth noting I often add yanks quarters and thirds but never eighths .
Note the rising pattern and it explains the miss at 25 originally . I hate fib stuff but what it implies to me is each bar was acting as resistance so each resist level is hit from the top to confirm . The exception being if the hrly bars went over the fib level then use the tops of those bars and not the specifically the fib line . So yest closed on 38.2 but the high of yest and the day before was 5326 which is now the downside target . 25 and 33 levels have been confirmed from above but I wouldn't discount a direct hit either . BUT BASED ON THIS it has not hit the 50% level where as maybe we should be using xjo as well . I can't do fib on xjo /xao .
