RE:RE:RE:Re: 38% Fibonacci retracement
Don't bother responding. This 2006 paper says there is no empirical proof that using Fibonacci numbers works.
https://epublications.bond.edu.au/business_pubs/32/
After finishing my engineering degree I considered doing a masters in the mathematics department to investigate trading strategies based on stock charts and prices and was told then (early '70s) that that these patterns could not predicit future prices. I guess not much has changed since.
https://epublications.bond.edu.au/business_pubs/32/