WE WILL BE USING FIBONACCI RATIOS A LOT IN OUR TRADING SO YOU BETTER LEARN TO LOVE IT LIKE YOUR FAVOURITE PIZZA.
Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: retracement and extension.
The ratios arise from the following number series: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34,...