I generally extend my fibs top to bottom if I'm looking to sell. Bottom to top if I'm looking to buy, as you know the 38.2 & 61.8 are the same in size as for distance from 0. Just perceived differently depending on which direction you extend your fibs. We now see a 61.8 retracement, exhaustion and great price action. Wicks to the upside mixed with pulls towards the 50 EMA as it declines, I am looking for an engulfing candle before I enter my short.