I have a Ph.D. in Applied Economics. I have studied Fibonacci for years. Stock science has taken his sequencing to areas that don't apply. Forecasting future prices based upon his numbers is like driving by looking in the rear-view mirror. In truth, making a living using technical charts is highly productive, but also, like organized religion, only effective if you get enough people to believe in it. I'd rather use my tried and true method: my hampster picks stocks for me, and has done quite well.
hamster or PhD in economics, at these days picking stocks both works and both doesnt work. Market manipulation is on all time high, and charts don't even work past 50% . That said, keep that hamster happy as he will do just fine picking stocks these days.lol GLTA