In the analysis of Fibonacci landscape, the most important level to monitor actually is the 50% line and yet it is the most overlooked one. Just like any sport game, the middle of the playing field normally is the first line of defense and a sign that which side is controlling the game. For example Airasia was recently trading lowest low at 0.51 and highest high at 0.955 so the middle line is 0.73 (0.955 +0.51 / 2). If it is trading above 0.73 we could technically view it as bullish and below as bearish.