TECHNICAL ANALYSIS

Phi is the number . The Fibonacci sequence alternates above and below this number as ratios are generated with the consecutive numbers: 1/1=1, 2/1=2, 3/2=1.5, 5/3=1.67, 8/5=1.6, 13/8=1.625 etc. Ratios continue to alternate above and below the number 1.618 as they quickly approach its value. ................
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