Technical Analysis, page-263

What we witnessed was a most beautiful retrace from a run up from 0.4c top 5.6c at its recent high. That is a move of 5.2c

The fall from 5.6c touched a bottom of 2.4c

So we have a total move of 5.2c upwards and a move down of 3.2c

We note that 3.2c/5.2c = 0.61538

https://www.investopedia.com/terms/f/fibonacciretracement.asp

Interestingly, the Golden Ratio of 0.618 or 1.618 is found in sunflowers, galaxy formations, shells, historical artifacts, and architecture.

We can see what is happening is beautiful and connected, short medium and long term. Such is life.

The market (us all) taps in to these magic numbers as the universe is created this way...

JFI