resistance at the 1.270 fib extension????

The feb retracement is drawn from the x leg.
The fib extension is drawn from b to c back to b, which shows the 1.27 extension with possible short term resistance.
The next fib extension is drawn from c to b back to c, giving a ratio of the 61.8 nearly lining up with the 76.4 At the 2015 level.

should also note there is prior resistance near the 2005 level with a break out.