Silver Reversed Exactly At A Fibonacci Level!

Look at this one!  Price reversed exactly at the 0.764 Fibonacci level!  Now, I didn’t even know that was a Fibonacci level, but it seems to have called the exact bottom.

silver fibonacci reversal
Unfortunately I don’t think anyone knew ahead of time that this particular Fibonacci level would be the one where price reversed (why here and not 0.618, or 0.5, or 0.382?), and I’m sure none of the fib “gurus” that people actually pay money to to learn how to trade made this prediction.

It’s funny how Fibonacci lines only seem to work sometimes and no one knows ahead of time which one will work.

It’s almost as if Fibonacci levels in trading are complete nonsense.

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