Leonardo Pisano, better known by his nickname, Fibonacci was an Italian mathematician born in Pisa, 12th century. It would have been observed in the Fibonacci numbers is said to be based on the findings of a great pyramid of Giza in Egypt. Fibonacci numbers is a sequence in which each successive number of the sum of the two previous numbers.
For example, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
The ratio of the Fibonacci series, which is important, not the actual number in the order. Ratio of adjacent terms of his incredible series of about 1.618, 0.618 or its inverse. This proportion is known by many names: the golden section, golden mean, PHI and the divine part. dimensional characteristics, which are consistent with rates of 1.618 occur repeatedly in the wild. Examples are as various forms of mollusc shells and gallaxies contains billions of stars.
When using technical analysis, the number of gold is most often translated into the three percentages: - 38.2%, 50%, and 61.8%. many others can be used, such as 23.6%, 161.8%, 423%, and so on. Fibonacci series applied to finance a number of ways: retracements, arcs, fans and time zones.
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