The quid is in trouble once again
For me, the 61.8 fib level is the most important one. The 38.2 fib is the one that trend traders may add against, between the 50.0 and the 61.8 is where both side do battle to keep or break the trend and the 61.8 as where that particular trend is confirmed as being broken and the towel gets thrown in by those who rode the trend from the start, and those that were in late and now offside.