Fibonacci Retracements and Extensions
Definition of 'Fibonacci Retracements and Extensions'
The Fibonacci sequence starts 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711, 28657, 46368, 75025... and continues by adding the last two numbers to get the next number. This can easily be illustrated by starting at the beginning of the sequence and confirming that any two numbers sum to the next number.
The Daily Notes pages calculate the most common Fibonacci retracements and extensions that traders use in day trading the markets.
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