Technical Analysis is the ultimate marriage of art and science, and there is one indicator above all others which embodies this principle; the Fibonacci retracement.
It's named for one of the greatest mathematicians of the middle ages, Leonardo Fibonacci, who discovered a sequence of numbers whose proportionality is so powerful that it has been applied within art, architecture, nature and science for thousands of years. Fibonacci can be found in everything from the Mona Lisa’s smile, the great pyramids, the structure of Human DNA, and most importantly, the stock market.
Yes, even the action of the market itself has for centuries adhered to the patterns of proportionality described in the Fibonacci sequence. Let’s take a look at the basics of the sequence so you can harness its powers and apply it to the stock market to make you a better trader.
The Fibonacci sequence starts like this: 0, 1, 1, 2, 3, 5, 8, and so on, all the way to infinity.
At first glance, that may look random, butRead More »from This indicator can make you a lot of money