Is Fibonacci Real Or Just Apophenia stocks

You see fibonacci retracements in speculative stocks. On the way down from the absolute top, the stock tends to retrace 38%, then do a reversal, then retrace 50%, etc.. Some stocks, like the American marijuana stocks, like ammj for instance, formed perfect fibonacci retracements, and the pattern would look similar to an M. Shire follows the fib sequence during its historic run after the release of adderall xr. If Fibonacci is real, and not just a perceived pattern that is all in our heads, why do we see it on stock charts? I said to her (this is a true story), A purely speculative stock is the purest form of human emotion.

yeah maybe. You do see the retracements in a lot of stocks though