This, I believe, is more evidence that Fibonacci retracement levels do have some statistical significance and that the market price is likely to bounce off them. It should be noted however that so far I have only tested this on very large time frames. In these experiments the highs and lows have formed over several months or more and the test to see which levels were hit was done over the proceeding 200 trading days which is about a year.

Nevertheless, I hope this information proves to be useful to someone.