Lol , how did it miss the fib? you obviously have no clue how the fib works then. It did a perfect 50% (1.50's), and then it finished with a perfect 60% (1.22).
this is "the" pattern that repeats itself ALL over the market countless times.
Notice how the 60% retrace mark was also the 50 ma.. Lol too perfect. It will settle down around 1.50 area and then probably build some stairs back to $2 and beyond.
For now we just need to make sure it doesn't want to go back to the 50MA....
I say if the support checks out at 1.38/1.42 then we'll be back pushing $2 in mid sept.
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