Fibonacci Simplified📒
🔵Its a concept developed by mathematician Leonardo Fibonacci in 13th Century
🔵Fibonacci sequence is a series of numbers from 1 to infinity as each number is a sum of previous 2 numbers. For example
(1,1,2,3,5,8,13,21,34,55,89,144)
1/n
#StockMarket
🔵Its a concept developed by mathematician Leonardo Fibonacci in 13th Century
🔵Fibonacci sequence is a series of numbers from 1 to infinity as each number is a sum of previous 2 numbers. For example
(1,1,2,3,5,8,13,21,34,55,89,144)
1/n
#StockMarket
Fibonacci Simplified📒
Golden Ratio (0.618% or 1.618%)
🔵Its a mathematical ratio that is derived from FB nos.
🔵In a sequence, any given number is approximately 1.618 times the preceding number, ignoring the first few nos.
Plz search more about this ratio to know more
2/n
Golden Ratio (0.618% or 1.618%)
🔵Its a mathematical ratio that is derived from FB nos.
🔵In a sequence, any given number is approximately 1.618 times the preceding number, ignoring the first few nos.
Plz search more about this ratio to know more
2/n
Fibonacci Simplified📒
🔵In financial markets fibonacci sequence numbers can be used in two ways which are Fibonacci retracement & Fibonacci extensions
🔵FR & FE helps the traders to identify support & resistance levels of a particular trend in the market
3/n
#StockMarket
🔵In financial markets fibonacci sequence numbers can be used in two ways which are Fibonacci retracement & Fibonacci extensions
🔵FR & FE helps the traders to identify support & resistance levels of a particular trend in the market
3/n
#StockMarket
Fibonacci Simplified 📒
Fibonacci Retracement
🔵 It is drawn between two important points (high & low) in a particular period
🔵 It is used to identify supports in an uptrend & resistances in a downtrend
🔵Traders use these points as potential entry/exit levels for trades
4/n
Fibonacci Retracement
🔵 It is drawn between two important points (high & low) in a particular period
🔵 It is used to identify supports in an uptrend & resistances in a downtrend
🔵Traders use these points as potential entry/exit levels for trades
4/n
Fibonacci Simplified📒
Fibonacci Extension
🔵 Fibonacci extension levels may indicate areas where the next price moves might end up or face resistance
🔵These levels are 138.6%, 150%, and 161.8% – followed by 261.8% and 423.6%.
End of Thread
Thanks 🙏
Fibonacci Extension
🔵 Fibonacci extension levels may indicate areas where the next price moves might end up or face resistance
🔵These levels are 138.6%, 150%, and 161.8% – followed by 261.8% and 423.6%.
End of Thread
Thanks 🙏
