Fibonacci Strategies Articles
Technical Analysis in Forex Scalping: Fibonacci Resistance![]() Mathematician Leonardo Fibonacci developed this sequence of numbers that is of great importance to Forex scalping: 0,1,1,2,3,5,8,13,21,34,55.... The pattern is that the sum of any number and its preceding number equal the following number (for instance 21+13=34). The premise behind the sequence is in order for the sequence to progress, regression of one degree or more is necessary. Such regression to progression patterns are evident in any chart. Price never moves in a straight line. The degree of each regression, ... |
Fibonacci Retracement![]() Fibonacci was an Italian mathematician who was born in the 12th century in Pisa. His real name was Leonardo Pisano and he is famous for the discovery of the Fibonacci numbers. It is said that the discovery of these numbers is based on some observations that were made at the Great Pyramid from Gizeh, Egypt. The numbers that bear Fibonacci's name represent a series of numbers in which every successive number is the some of the previous two.This succession is ... |
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