The Fibonacci sequence is a series of numbers in which each number is the sum of the two that precede it. Starting at 0 and 1, the first 10 numbers of the sequence look like this: 0, 1 ...

the Fibonacci number sequence is applied to gauge price (and occasionally time) movements. The most commonly used numbers in this form of retracement analysis are 23.6%, 38.2%, 50% (as discussed ...