Glad to share!
"Fibonacci retracement levels prove a useful tool in predicting the breadth of a counter-trend move, after the price reaches a local top and before the main trend is resumed and they serve as important support or resistance levels. They have their foundations in a mathematical relations ubiquitous in nature and in the society, which alone makes them somewhat credible but – what is far more important – can be seen in disallowed quite often."
Source :
https://www.sunshineprofits.com/gold-silver/dictionary/fibonacci-retracement/
Let's see how accurate it's use is with MRP.
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