retracement pattern from last ATH selloff appears again

12 thg 1, 2014

Bouncing between the 0.618 and 0.764 fib lines in almost the same period and formation, briefly exploring past 0.764 before bouncing along again. Key moment to notice here is the last breach of 0.618 before the selloff. Doesn't mean we'll see the same vertical drop, as bad china news dominated the bubble selloffs, but we are right on the edge of long-term bear territory.