Idea is for this to run to the 0.618 and get rejected at that fib level and for it to then form the handle of the pattern using the rising resistance line to flip as support.
Upward thrust from cup and handle would put us a little above the 1.00 fib in which case we will quickly come back down to test the 1.00 for support and then if support holds make a vertical extension to the 2.618
Possible that it could run all the way to the 4.618 again like it did last time but that is getting greedy.
Upward thrust from cup and handle would put us a little above the 1.00 fib in which case we will quickly come back down to test the 1.00 for support and then if support holds make a vertical extension to the 2.618
Possible that it could run all the way to the 4.618 again like it did last time but that is getting greedy.