If you put a fibonacci from the last high to the last low on the daily time frame, you’ll see that the price has been bouncing between the 50 & 23.6 level. This time round, it has failed to touch the 23.6 level after coming down from the 50 level. It has retraced to the 38.2 level which has been my entry point. With a TP back back to the 23.6 level.