In my studies, several people use .618 and .65 as the Golden Pocket.
I do not know the mathematical significance of the ratio.
However, I believe that if used by enough people then it becomes significant.
This is the same reason I prefer the 50 and 200 MA on the Daily.
My apologies for not having a more educated answer.
The_Real_AMF
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@trent.klarenbach, No worries, mate. Just genuinely curious. I recognize from others use of fibs and from the literature that 0.618 is "magic" but have never seen 0.65 being used. Thanks for the added info....maybe I'll do some more digging myself.