TECHNICAL ANALYSIS

What are fibonacci numbers? To get a sequence of fibonacci numbers you would add the previous number to the current number to get the next one. Eg. Fibonacci numbers are 1,1,2,3,5,8,13,21,34,55,89,144 and so on. After the first 4 digits, if you divide the current number to the previous one you will get a ratio of 1.618, eg. 89:55=1.618. ................
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