Thanks gelxi, had a glance & from now on I'll be more confident buying after 33/62 % re-tracement although wonder if it applies to "robots trading" prevalent these days (including in MRP lately)...
as well as the origin of this highly "mathematical system" is not v. solid, taking into account that whole gov. departments and most farmers are trying to kill off all the rabbits left:
"Fibonacci came up with this sequence considering a pair of breeding rabbits, or – to be more exact – the number of pairs of rabbits after a particular number of periods.
It is assumed that each pair matures in two months, and produces a new pair every month thereafter, starting at the end of the second month of their life. We also assume that no pair of rabbits dies".
I was awaiting further drilling results and steady improvements in prices of gold & silver, but looks like the technical traders will carry us Onwards and Upwards from now on?!
Cheers/v
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