The sequence of the Fibonacci numbers is the Italian mathematician Leonardo Pisano. This sequence has been known for centuries. The order is 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 forever. The numbers are calculated by the sum of the previous two numbers.
Example: 1 + 1 = 2 or 3 + 5 = 8
This numerical relationship has been used in financial markets for more than a century. The most important gold number is Phi. Found with gold ratio. This ratio is the ratio of the number of two consecutive numbers. High number share, low number is share. The result is always approximately 0.618, as seen below.
a = 0.618
b = 0.382
0.618 / 0.382 = 1.618
Gold ratio: 0.618 + 0.382 = 1.000
There are many Fibonacci rates and methods used for your account, but we will lean on those that have practical functions for your financing transactions. They are used to find potential resistance and support levels of the price of an asset on the basis of Fibonacci retracement. F is based on the principle that the yacht will be drawn in a predictable position and then proceed in the original direction. Historically, the most commonly used remedies were in the areas of 38.2%, 50% and 61.8%. These levels appear to be th