Downside pressure that continued from the days selloff into afterhours was met with strong support level and bounced. Positive divergences on 15 min and 30 min charts were developing as the price hit multiple fibonacci levels, 61.8% of this upside move from the low and 123.6% extension of most immediate previous upmove, and also support trendline. Fibonacci arc also helped, however the arc is subjective to the timeframe it is drawn on as the shape changes in different timeframes and zoom level. It is interesting to see that the arc works as well as the other fibonacci tools.
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