RAC - Charts & Price Action, page-290

No that`s not actually the case that after each run and retrace during the year that price has gone higher.
Price had a good run up until March then went down and sideways below the 62% Fib for quite a few months..its these periods were trying to avoid with TA.....price has been breaking out of late and making new highs which is great  but as always this will come to an end soon enough and the sideways to down phase will persist again...and as always it will begin with a lower high at 62%...for investors this should be no problem but those of us who trade stocks knowing how this cycle works is a great advantage.