PolyMat has been following this blue Fib series pretty closely.
Blue's 2.618 is a common retrace and often strong support.
Blue's 3.236 is first test, clean break would be a great sign.
Red fib is plotting ripples of the correction wave.
Red 3.236 bounce would normal bullish behavior.
Red 4.236 is Bulls' Last Stand, below which is doom.