DislikedI'd say you need to see another daily bar or more. Nothing definitive yet. Think maybe it will go to 78.6% level (0.7920) before possibilly turning down. That is also where a fib projection 100% (0.7914) off the 1/10/07 low hits.
Note that where I find 78.6% level is different from your chart is because the 0 and 100 levels have candles with long wicks I use the closing price to draw from. There are some who recomended this rather than highs/lows.Ignored
But still a lot more to learn...
Happy Trading
Shah
For every action there is an equal and opposite reaction.....