Fibonacci Numbers

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Related to Fibonacci series: Golden ratio

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.
References in periodicals archive ?
The Fibonacci series is a sequence of numbers created by Leonardo Fibonacci in 1202.
The corridors at the Dominican Monastery of La Tourette, connecting the various monkish functions to the Chapel, were based upon the Fibonacci series, and laid out by Yannis Xenakis, the composer, then an architect working in Le Corbusier's office.
Honorable Mentions were Jan Graf of Graf & Associates for the Rockefeller chandelier and Steel Magnolia sconce; PowerLux for its Ideal pendant and Carefree lamp; Ivalo for its Aliante sconce; David Bergman of Fire & Water for his Fibonacci Series sconce; Stacey Gatt, a student, with Lightolier, for her Marb-L-Light sconce; and Lugosch + Licis for its L+L Portable lamp.
Paul Barman might be the only MC to use the Fibonacci series while writing his rhymes, or at least the only one to do so on purpose.
Fibonacci numbers can be applied to progressions of price support and resistance levels by using an initial price as the first number of a Fibonacci series and then predicting the recurrence of another price support or resistence level.