morning guys, (well its morning over here
) isn't uncanny the way the market responds to fib' lines, they don't always hold, but so far i would say a good number of the trades I've made 80% or so, have retraced on a fib line as opposed to psychological support or resistance. Given that the major players in the market aren't looking to make profit but rather stable their economies, price should pay no attention to the fib' lines. Or am i wrong, do speculators control the day to day happenings of the market whilst central banks step in sporadically correct price when needed?