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AVXL

Fibonacci geometric construction
If we see a technical rally from here

These are the way the pivots connect with Fib arc points and retrace target points and Elliott wave pattern .
Many points stand out in this pattern,but to my eyes the most critical is that a bottom holds here 2.00-2.06, rallies to the 2.50-2.60 target zone and the pullback holds support shoulder at 2.25 area. (2.18-2.25)
Holding that reverse shoulder support zone at 2.25 is critical to this pattern. Previous to this pattern, was the same reverse shoulder zone pattern that needed to hold at 2.45 (after the 2.25 "Bottom") ,but failed to hold when that pullback came down to test it.