A Curious Observation

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This is one of those "Hmmm, that's kind of interesting" observations. I was playing around with the chart of British Petroleum, placing a horizontal line at the top of its gap range, and it turns out that every one of these gaps almost exactly match the Fibonacci retracement levels (defined by BP's lifetime price extremes of 1/27/2003 and 11/7/2007).

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