Shown here are two different fib sequences. Thick fibs are from its "Genesis Sequence". Thin fibs are from the "Covid Stimulus" wave.
Currently struggling against the Golden Genesis fib at $66.88 The entire world is now keenly aware of it thanks to the Pings. So what happens here will say a LOT to a LOT of traders/holders.
Rejection here could lead to lower lows. Break and retest could lead to new highs. This signal could apply to the entire sector.
Here is a snap of the full Genesis Sequence:
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I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".