ALGO: an ideal time to bounce

ALGO may have already bounced from the FIBONACCI 61.8% at 1.27 which coincides with the uptrend line & 50W ma. ABC correction most likely completed.
Next resistance will be 2.0 & then 2.35 which is exactly the 61.8% FIBO retracement of 3.0 top to 1.27 low.