We are looking for a higher low now from $ACHR, price has been working its way down the smaller green fib levels since the market pull back and a retest of the larger white 0.618 Fib at $6.55 is looking like a strong possibility
This is a common sight at the moment across a number of charts, a second test for a double bottom.
A lower low can be made here too and test the very obvious 200 Day MA just slightly lower at $5.88.
A break below this level would give me concern but testing and holding on the 200 Day MA until the market settles is something I am comfortable with, then a possible reversal can come next.