Haha, you jump right to the bottom target don't you? It is looking like this drop has some strength, especially in light of closing positions on the sticks. Since the bottom bb is a given now 2.08 It is up to the 6th from top VbP bar to be support. That puts 1.95 as possible a next bottom target. That would leave next bar at 1.88ish to try and stop the drop If price gets through that it will likely pass the small bar like thin air and walla your 1.63-1.65. The second, fourth and fifth bars you can see the selling waves. Seeing how the bar#s, fibs and price labels creates likely zones and often line up at a specific # convergence adding strength to that as a strong support also helps. So far selling exhaustion is not showing in lowering volume or capitulation. Then it is just a matter of watching the price action and chart for what matches your style and goals. When I like a stock I will sometimes put in a lower limit order to catch a flash and then if price works its way down remove it and put one even lower since the trend is still downward and strong until it does bottom for load up. Hope that is helpful.
I know you are up on most all this, but fleshed it out for others. All IMO only. Green Trades to you.
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