We have another test and hold of support on the $50 level, on the 0.5 Fib now.
There was some concern leading up to the election that if Trump won, the $50 level would be lost and the 0.618 Fib would be in play at $42....this concern is now reducing as time goes by.
No reversal just yet but if support can continue here, a move back up to the 0.38 Fib at $55 is still on
Also, if price continues to hold above $50, it would be worth adding again here.