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Fibonacci Numbers |
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Fibonacci Numbers A sequence of numbers in which each number is the sum of the two previous numbers (1, 1, 2 and so on). Some technical analysts use Fibonacci numbers to determine which securities are bullish or bearish. Some of the ways they use Fibonacci numbers are Fibonacci time zones, Fibonacci retracement, Fibonacci fans, and Fibonacci arcs. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Traders rely on Fibonacci numbers to find areas where stocks might plateau if they start to fall. The Fibonacci number systems is a natural progression where the next number in the sequence is based on the preceeding two numbers, so the first five numbers are 1, 2 (1 + 1), 3, (1 + 2), 5 (3 + 2), 8 (5 + 3). than an accountant, more dazzled by Fibonacci numbers and the magical properties of Pi and Phi than I am by Dow Jones. |
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