Fibbonaci

The first two numbers in the Fibonacci sequence are

either 1 and 1, or 0 and 1, depending on the chosen
starting point of the sequence, and each
subsequent number is the sum of the previous two.

In maths the Fibonacci numbers are the numbers in

the following integer sequence, called the Fibonacci
sequence, and characterized by the fact that every
number after the first two is the sum of the two
preceding ones.
• 1,2,3,5,8,13,21,34,55,89,144 …………….
 Methods for applying Fibonacci sequence

1) Retracements
2) Arcs
3) Fans
4) 4) Time zone
 Fibonacci Retracements
• Horizontal Line
• Indicate possible areas of support or resistance
• Identify the range i.e. High & Low
• Looking for the end of a counter-trend market
move.
• Finding the end of a sell-off within a larger uptrend
• Finding the end of a rally within a larger
downtrend
 Fibonacci Extensions
• Horizontal Line
• Projecting areas of support or resistance
• Identify the range i.e. High & Low
• Looking for targets within an ongoing market
move.
• Finding an upside target within an ongoing
uptrend after taking out a previous high
• Finding a downside target within an ongoing
downtrend after taking out a previous low.
 Ratios
– 23.6%
– 38.2%
– 50%
– 61.8%
– 78.6%
– 127.2%
– 161.8%
– 200 %
– 261.8%
How to trade Based on FIbo