๐จ๐ปโ๐ The Fibonacci levels ๐จ๐ปโ๐
๐Guys, we are smoothly approaching the completion of the Technical Analysis section.๐จ๐ปโ๐๐๐ป
๐งToday I want to introduce you with Fibonacci levels.
๐ช๐ปLet's start ๐ช๐ป
๐จ๐ปโ๐ Leonardo Fibonacci is a great mathematician who lived in the XI century. โ๐ป
๐๐ปThe scientist deduced a number of natural numbers, which later began to bear his name.
Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc.
The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
Fibonacci numbers have some properties:
๐Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures);
๐dividing any number of the series by the next + 1 tends to 0.382;
๐dividing the subsequent number of the series by the previous one tends to 1.618;
๐division of the number of the series by the second number preceding it tends to 2.618.
Fibonacci numbers are often used not only in technical analysis, but also in physics, astronomy and other disciplines.๐ช๐ป
โ๐ป The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%.
โ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built.
Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale.
Fibonacci numbers - the magic of numbers that works in everyday life. But it works with varying success in trading.
โก Please note, that the number of Fibo level workouts is much less than the number of failures. The same applies to other types of levels and various methods for constructing them.
๐ฅYou can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.๐ฅ
๐๐My dear, if you have questions about the topic or you want me to continue the topic of TA, write about this in the commentsโ๐ปโ๐ปโ๐ป
Stay with me๐
Your Rocket Bomb ๐๐ฃ
Below are links to previous TA ideas๐๐ป๐๐ป๐๐ป
๐งToday I want to introduce you with Fibonacci levels.
๐ช๐ปLet's start ๐ช๐ป
๐จ๐ปโ๐ Leonardo Fibonacci is a great mathematician who lived in the XI century. โ๐ป
๐๐ปThe scientist deduced a number of natural numbers, which later began to bear his name.
Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc.
The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
Fibonacci numbers have some properties:
๐Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures);
๐dividing any number of the series by the next + 1 tends to 0.382;
๐dividing the subsequent number of the series by the previous one tends to 1.618;
๐division of the number of the series by the second number preceding it tends to 2.618.
Fibonacci numbers are often used not only in technical analysis, but also in physics, astronomy and other disciplines.๐ช๐ป
โ๐ป The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%.
โ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built.
Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale.
Fibonacci numbers - the magic of numbers that works in everyday life. But it works with varying success in trading.
โก Please note, that the number of Fibo level workouts is much less than the number of failures. The same applies to other types of levels and various methods for constructing them.
๐ฅYou can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.๐ฅ
๐๐My dear, if you have questions about the topic or you want me to continue the topic of TA, write about this in the commentsโ๐ปโ๐ปโ๐ป
Stay with me๐
Your Rocket Bomb ๐๐ฃ
Below are links to previous TA ideas๐๐ป๐๐ป๐๐ป
๐Join me : t.me/+aAADzO1OqsQ2MGI0
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๐ฐ I'm using Bybit and I highly recommend it to You
bybit.com/invite?ref=7X0W2A
Boost Your TV account๐
tradingview.com/pricing/?share_your_love=RocketBomb
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