WABI - Safe to trade?

Drawn the trend based Fibo to understand where are we looking it at! Please go back on the chart to check how I mapped the Fibo.

This Analysis is dedicated to one of my follower, and this is based on a request!
It looks unsafe to trade WABI ryt now. It is below 0.5 of the Fibo. Got rejected twice before (RED arrow).
Maybe WABI could give a bounce to retest 16 cents level (0.5%) of fibo.

Entry, Take Profit, Stop Loss is as shown on the chart.
I'm not counting this as an Analysis. Can consider this as just an Idea.

Cheers!