Sorry trader53 but I spit out some of my coffee and laughed a little when reading your post, 15 seems like.... let's face it... never breakin 12 but .008 and .015?? "This Morning" my instant, honest response was, No way on God's Green Earth!" lol
Maybe you should start calling in the other direction? Gravity seems to be pulling it that way.
Fibonacci Numbers are commonly used in Technical Analysis with or without a knowledge of Elliot Wave Analysis to determine potential support, resistance, and price objectives.
The most popular FibonacciRetracements are 61.8% and 38.2%
61.8% retracements imply a new trend is establishing itself.
38.2% retracements usually imply that the prior trend will continue
38.2% retracements are considered natural retracements in a healthy trend.
Fibonacci Retracements can be applied after a decline to forecast the length of a counter-trend bounce.
The 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the Averages often retrace half their prior move.