Let me give you my view:
If we look the downswing of 2014-11-06 we find that the low projection was broken. The high projection remains intact. Drawing the fib expansion this break should end at 1,618 level (around 1,22597). Below this number (pink zone) would be a good place to set buy limit orders. The high projection would act as a future break up (around 1,2540). Finally the upper pink zone of the expansion is acting as a resistance. We can see this clearly on 2014-11-10.
If we look the upswing of 2014-11-07 none of the projections were broken. Drawing the fib expansion the break up should begin at 1,618 level (around 1,25379) with target at 2,618 level (around 1,26498). Over this number (violet zone) would be a good place to set sell limit orders.
Hope you enjoy it. Good luck.
If we look the downswing of 2014-11-06 we find that the low projection was broken. The high projection remains intact. Drawing the fib expansion this break should end at 1,618 level (around 1,22597). Below this number (pink zone) would be a good place to set buy limit orders. The high projection would act as a future break up (around 1,2540). Finally the upper pink zone of the expansion is acting as a resistance. We can see this clearly on 2014-11-10.
If we look the upswing of 2014-11-07 none of the projections were broken. Drawing the fib expansion the break up should begin at 1,618 level (around 1,25379) with target at 2,618 level (around 1,26498). Over this number (violet zone) would be a good place to set sell limit orders.
Hope you enjoy it. Good luck.