https://www.mathsisfun.com/numbers/fibonacci-sequence.html

I base those numbers on the ten year chart.

you start at the low of 0.50 and that added to itself is 1.00.

then .50+1.00=1.50

then1.00+1.50=2.50

then 1.50+2.50=4.00

etc, you can do that with any stock

I used to pay for the stockwatch ticker, and there you can even chart it.

if you do the same with any stock, you will be surprised how those levels provide support and resistance.If you want to see one in reverse, check out ALA.to .It was a stock I was in because I worked for them.they made a huge US purchase which was shunned by the market and it dropped. It followed the true Fibonacci numbers on the way up and down. Those were 1,1,2,3,5,8,13,21,33,54.

RVX made it though 4.00

next level up is 6.50

support is now 4.00

if it drops below that,back to 2.50,,,

I think(and hope) we are on the way to 6.50

GLTA