Community Forex Questions
What is the Fibonacci sequence?
The Fibonacci sequence is a series of numbers that forms a mathematical pattern. The sequence starts with zero and one, and continues by adding the previous two numbers.
Hence the sequence is 0,1,1,2,3,5,8,13,21,34,55,89,144 and so on....
When we talk about the Fibonacci sequence, we often mention the "Golden Ratio", which is roughly 1.618. The ratios of sequential Fibonacci numbers are often close to the Golden Ratio.
For example, 5/3 = 1.67, 8/5 = 1.6 ...144 / 89 =1.6179 and so on. The higher the numbers, the closer they get to the golden ratio.
Hence the sequence is 0,1,1,2,3,5,8,13,21,34,55,89,144 and so on....
When we talk about the Fibonacci sequence, we often mention the "Golden Ratio", which is roughly 1.618. The ratios of sequential Fibonacci numbers are often close to the Golden Ratio.
For example, 5/3 = 1.67, 8/5 = 1.6 ...144 / 89 =1.6179 and so on. The higher the numbers, the closer they get to the golden ratio.
The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones, starting from 0 and 1. It begins like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. Named after the Italian mathematician Leonardo of Pisa, also known as Fibonacci, the sequence was introduced in his 1202 book *Liber Abaci*.
This sequence appears in various natural patterns, such as the arrangement of leaves, the branching of trees, and the spiral of shells. In addition to its biological significance, the Fibonacci sequence is widely used in mathematics, art, and financial markets, particularly in technical analysis, where it helps identify potential support and resistance levels through Fibonacci retracements or extensions.
This sequence appears in various natural patterns, such as the arrangement of leaves, the branching of trees, and the spiral of shells. In addition to its biological significance, the Fibonacci sequence is widely used in mathematics, art, and financial markets, particularly in technical analysis, where it helps identify potential support and resistance levels through Fibonacci retracements or extensions.
Nov 01, 2022 20:01