Talk:Fibonacci retracement

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Fibonacci retracement is a pseudo-scientific technique on a par with financial astrology, Gann theory, ermanometry etc. This ABSOLUTELY needs to be stated in the article.

I agree, but it's very hard to find sources about this. The people who don't take it seriously don't write about it, and the people who do take it seriously write as if it's unquestionably true. Paum89 (talk) 23:02, 26 October 2012 (UTC)

It should be noted that any predictive analysis tool is pseudo-scientific or may be better described as a probability tool that measures tendencies (support and resistance levels) in the financial market based on technical and fundamental analysis. Taigenbdman (talk) 14:51, 5 June 2011 (UTC)--Taigenbdman (talk) 14:51, 5 June 2011 (UTC)

Is it not something like Self-fulfilling prophecy? If a remarkable number of business people believe to this religion, it could really work :-) Franp9am (talk) 20:24, 5 September 2011 (UTC)

How? If everyone is expecting for a retracement it's not necessarily going to happen. Paum89 (talk) 23:00, 26 October 2012 (UTC)