The Fibonacci sequence is a mathematical ratio in which a number is simply the sum of the two preceding numbers. Here, we will focus on its application as a read the Wikipedia article.in . If you are interested in the background of the Fibonacci numbers,
In trading, the term Fibonacci refers to a tool that measures the size of aand subsequently plots and levels based on calculations using the Fibonacci sequence.
They are generally strong levels of support and resistance, also because they are a self-fulfilling prophecy., and other observe these support and resistance levels and make their buying and selling decisions based on them.
Read more about employing the Fibonacci tool:
The Fibonacci tool is popular in technical analysis. Discuss it with other traders: