Fibonacci Extension

S&P500 H1

Recovery high: 4th of September, 2020.

After deep plunge on 3rd of September 2020, S&P500 recovered to Fibonacci Retracement 0.382 level.
After that it fell again to Fibonacci Extension 0.786, recovered to 0.236 (=weekly pivot), fell to 1.00 (Weekly pivot S1), and recovered to 0.386. Finally it resisted by strong weekly pivot R1 in the week.

Please click the chart to enlarge.

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