| | | "DISCOVER
HOW YOU CAN PROFIT WILDLY FROM THE LEONARDO FIBONACCI 's TRADING STRINGS" |
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Leonardo
Fibonacci born in Pisa About 1170 to 1180, was a mathematician
in 12th century Italy. He is credited witch discovering a
mathemetical principal in whinch
a series of numbers, two of which are added toghether,
will ad up the next number is of the series. For example : 1, 1, 2, 3, 5, 8, 13,
21, 34, 55 etc. |
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This
is a series of numbers in which every number has a relationship with the number
following it, the number preceding it, as well as every other number in the series.
By dividing any larger number by the following larger number you will get approximately
61.8%. So each number is approximately 61.8% of the number following it. |
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There are many other
mathematical relationships possible, but the primary percentages that concern
us in technical trading are 23.6%, 38.2%, 50% and 61.8%. These Fibonacci numbers
have been rounded for simplicity sake to 25%, 38%, 50%, and 62% for purposes of
determining Fibonacci Retracements. | |
In studies of past markets it
has been determined that after price makes a significant move and begins to retrace
or correct, it tends to move to the levels of 25%, 38%, 50% or 62% of the previous
significant move
| When price
moves to one of the levels and
stops, you have a high probability the correction is over and the primary move
will resume. | .
Note that the direction of the primary move can be in either direction, up or
down. The direction of the primary move is not a factor. In a primary down
move, the direction of the correction would be up. In a primary up move, the direction
of the correction would be down. The
key to using and applying Fibonacci retracement levels
is identifying the primary move and calculating the proper Retracement Levels. |
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theory with formules and explanatory examples. |
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