Fibonacci / Golden Ratio
Learn how to use a Fibonacci retracement to identify possible areas of support and resistance and decide when to open and close a position, or when to apply stops and limits to your trades.
Origins of Fibonacci or the “Golden Ratio”
The Fibonacci Sequence or “Golden Ratio” is a powerful number that recurs in nature and can be used to explain relationships in geometry, art, architecture and astronomy. Represented by the Greek letter “Phi” and equal to approximately 1.618, it appears in many natural phenomena, from small strands of DNA to massive galaxies.