The golden ratio and the Fibonacci sequence
The number 1.618 is called phi, which means the inversion of 1.618, which is exactly 0.618. This number appears frequently in nature, paintings, and architecture. It is evident in tree branches and hurricanes. It can be obtained through the Fibonacci sequence by dividing a number by Another number, which therefore produces a ratio such as: 89/144=0.6180.
نسب فيبوناتشي الذهبية
Fibonacci corrections related to Forex based on technical analysis are linked to the term support, especially since the price is affected by the occurrence of a decline, and resistance, so there is no expectation of an increase in the price, especially since the price correction process is a method used by technical traders, as it helps them reach the points that enable them to enter the market and achieve... Profits and loss prevention.
The idea of retracements is applied to a group of various indicators, including Gartay patterns, Tyrone levels, and the theory of Elliott waves. Fibonacci levels are calculated after the market makes a major movement without considering its direction, especially since prices stabilize at a specific level.
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