Fibonacci Retracements

On the chart below I plotted two Fibonacci Retracements. One from the October high to the November low, and the other from the October high to the lowest weekly close. I am not predicting that we will bounce here, but at some point, we should get a correction towards some of these levels. If we do make new lows then the Fibonacci retracements are going to change. The blue area is the distance between the two 50% retracements.