We have been seeing fiber move with great bearish momentum throughout the past few days. I still see that momentum wants to continue downward. When price swings happen, they usually moving in legs of 2, which are usually the same length. This first swing down happened, and then there was the retracement that returned to a past support level that now acts as a resistance. And now another price swing in equal length should form. I believe this swing will be a continuation downward. Also price begins moving downward for it's second price swing around a major level being 1.16000 which gives more support to bearishness. The end of the second price swing is also going to be around the same area where the liquidity fill from the past begins to get filled. That gives more support for this second price swing downward to be valid.
Moving averages support this too.
Moving averages support this too.