NAE Chart, page-875

Interesting note here about the Fib series, 61.8% retrace.
From our high of 4.2c, 2.6c is the 61.8% fib retrace level.
It's just an observation, you can read into it what you want to.
We'll have to wait and see if it drifts lower, I don't mind if it does tho, I'm ready to hoover them up.
But bad news on the coal side and a new game begins.
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The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Each term in this sequence is simply the sum of the two preceding terms and sequence continues infinitely. One of the remarkable characteristics of this numerical sequence is that each number is approximately 1.618 times greater than the preceding number. This common relationship between every number in the series is the foundation of the common ratios used in retracement studies.
The key Fibonacci ratio of 61.8% - also referred to as "the golden ratio" or "the golden mean" - is found by dividing one number in the series by the number that follows it. For example: 8/13 = 0.6153, and 55/89 = 0.6179.

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