You and I can agree that there is such thing called the Law of Gravity. You throw an apple up into the air and it will eventually fall down to the ground. That is the law of gravity at work. Fibonacci is one of the wonderful codes that consistently appear in the nature, universe and even the stock market. It seems hard to believe that there is mathematical relationship that exists in the stock market that seems to be random. In fact the equity market is far from being random or chaotic. There is order to it just as there is order in the solar system. Time has proven again and again that Fibonacci, a sequence of numbers discovered by Leonardo of Pisa, works its magic by repeating patterns in the financial markets. It is a sequence of numbers beginning from 0, 1 where the next number is the sum of previous two numbers thus yielding a sequence of 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, and etc. If you look deeper, there is a ratio between the numbers of a fixed interval that approach the Golden Ratio of 0.618 and its inverse of 1.618. You can also discover Fibonacci Sequence of Numbers encoded inside the Elliott Wave Count. Again, you may be skeptical about this. Don’t push the theory aside until you really look deeper inside. I was once a skeptic but now am a believer and student of this wonderful stock market analysis tool called Fibonacci.
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