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 trading_strategies:harmonic_patterns [2019/06/24 19:39]127.0.0.1 external edit trading_strategies:harmonic_patterns [2019/07/10 01:19] (current)betseyp [Fibonacci Discussion] 2019/07/10 01:19 betseyp [Fibonacci Discussion] 2019/06/24 19:39 external edit 2019/07/10 01:19 betseyp [Fibonacci Discussion] 2019/06/24 19:39 external edit Line 41: Line 41: ===== Fibonacci Discussion ===== ===== Fibonacci Discussion ===== - Any discussion on harmonic patterns must include Fibonacci numbers, as these patterns use Fibonacci ratios extensively. Fibonacci numbers are pervasive in the universe and were originally derived by Leonardo Fibonacci. The basic Fibonacci ratio or "Fib ratio" is the Golden Ratio (1618). Fibonacci numbers are a sequence of numbers where each number is the sum of the previous two numbers. + Any discussion on harmonic patterns must include Fibonacci numbers, as these patterns use Fibonacci ratios extensively. Fibonacci numbers are pervasive in the universe and were originally derived by Leonardo Fibonacci. The basic Fibonacci ratio or "Fib ratio" is the Golden Ratio (1.618). Fibonacci numbers are a sequence of numbers where each number is the sum of the previous two numbers. The series of Fib Numbers begin as follows: 1,​1,​2,​3,​5,​8,​13,​21,​34,​55,​89,​144,​233,​317,​610…. The series of Fib Numbers begin as follows: 1,​1,​2,​3,​5,​8,​13,​21,​34,​55,​89,​144,​233,​317,​610…. Line 47: Line 47: There are plenty of materials and books about the theory of how these numbers exist in nature and in the financial world. A list of the most important Fib ratios in the financial world, which are derived by squaring, square-rooting and reciprocating the actual Fibonacci sequence, is shown below. There are plenty of materials and books about the theory of how these numbers exist in nature and in the financial world. A list of the most important Fib ratios in the financial world, which are derived by squaring, square-rooting and reciprocating the actual Fibonacci sequence, is shown below. - **Key set of Fibonacci-derived ratios in trading:** 0.382, 0, .618, 0.786, 1.0, 1, 1, 2.0, 2.62, 3.62, 4.62 + **Key set of Fibonacci-derived ratios in trading:** 0.382, 0.618, 0.786, 1.0, 1, 1, 2.0, 2.62, 3.62, 4.62 - **Secondary set of Fibonacci-derived ratios in trading:** 0.236, 0, 0886, 1.13, 2.236, 3.14, 4.236 + **Secondary set of Fibonacci-derived ratios in trading:** 0.236, 0.886, 1.13, 2.236, 3.14, 4.236 There are many applications of Fibonacci in technical analysis. Some of the applications include Fibonacci retracements,​ Fibonacci projections,​ Fibonacci Fans, Fibonacci Arcs, Fibonacci Time Zones and Fibonacci Price and Time Clusters, among others. There are many applications of Fibonacci in technical analysis. Some of the applications include Fibonacci retracements,​ Fibonacci projections,​ Fibonacci Fans, Fibonacci Arcs, Fibonacci Time Zones and Fibonacci Price and Time Clusters, among others.