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Bullboard - Stock Discussion Forum Critical Elements Lithium Corp V.CRE

Alternate Symbol(s):  CRECF

Critical Elements Lithium Corporation is a Canada-based lithium exploration company. The Company is engaged in the acquisition, exploration, development and processing of critical minerals mining properties in Canada. Its projects include Rose Lithium-Tantalum, Rose North, Rose South, Arques, Bourier, Dumulon, Duval, Nisk, Lemare, Caumont, and Valiquette. The Rose Lithium-Tantalum property... see more

TSXV:CRE - Post Discussion

Critical Elements Lithium Corp > Fibonacci Retracement To The Golden Ratio
View:
Post by blaggers on May 19, 2023 10:18pm

Fibonacci Retracement To The Golden Ratio

Link to daily chart

The Golden Ratio number is a 0.618% retrace. We hit it perfectly.
JMHO.
Cheers,
Blaggers.
Comment by Torontojay on May 20, 2023 5:36am
1,1,2,3,5,8,13,21,34,55,..... The quotient between successive numbers approximates the golden ratio  5/3 =~ 1.666 8/5 = 1.6  13/8 = 1.625  21/13. =~ 1.615  34/21=~ 1.619  55/34 = 1.6176  The golden ratio is (1 + 5^0.5)/2 =~ 1.618  If you take the limit of the Fibonacci sequence to Infiniti, then these successive terms of the Fibonacci sequence ...more  
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