CEO at FibForex123Mon, Jun 23 2008 10:00 GMT
Duration: 0 h, 45 min
Moderator: Maud Gilson
Fibonacci ratios are a very popular tool among technical traders and are based on the following series of numbers identified by mathematician Leonardo Fibonacci in the thirteenth century : 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
One of the remarkable characteristics of this numerical sequence is that each number is approximately 1.618 times greater than the preceding number.
This common relationship between every number in the series is the foundation of the common ratios used in technical analysis.
Price has an uncanny way of respecting Fibonacci ratios, and it’s worth studying these ratios in detail.
There are different kinds of Fibonacci ratios like, retracements, expansions, projections, fans etc, and each of them have a different characteristic and a different use.
Learn these ratios and their individual uses in detail.
Recording of the webinar