Slowly getting my grasp around the 23-38% reversal: am I right...

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    Slowly getting my grasp around the 23-38% reversal: am I right to assume that this fib sequence allow more leverage for an earlier entry before our usual double MACD takes form completely? I.e. catching the w3-1?

    CDT had $ANN this morning, but SP has been recovering slowly since bottoming in July.

    https://hotcopper.com.au/data/attachments/4593/4593555-29cc8fcba0d83985272c7808fecae062.jpg
 
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