ie. 23.6 38.2 50 61.8 76.4
Doing that can often identify the terminal point.
This CAN fail, although after a repulse at the terminal indicated, and move further to other spots of significance.
Below is a CFD (futures) picture of the Aussie equity index.
In this case it seems complete with red lines showing the fitting of price to Fib lines.
Yes, it can break lower and then look for a new fitting structure but probably after a bigger bounce.
It isn't the DJIA or SPX but most markets move in some sort of rough synch.
Australia started lower earlier and has been more savage so far. In the end it probably equals out.
Anyway here is what looks like a completed structure to me.
