Have you ever heard of the Fibonacci sequence? Or the Golden Ratio? Or the Golden Spiral? These mysterious numbers and shapes are all connected to each other. If you look closely, they can be ...
The chart below shows the position on the weekly chart, showing the Fibonacci retracement levels from the all-time high in 2008 (marked 'all-time top') to the recent low in June (marked 'low ...
Here is the updated chart as I write on 9 December: With the large positive-momentum divergence hinting at a sharp rally phase ahead, the Fibonacci 78% level held. And right on cue, the market ...