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Day: May 21, 2021

4 Common Fibonacci Retracement Mistakes You Should Avoid

4 Common Fibonacci Retracement Mistakes You Should Avoid

Business
Leonardo Fibonacci is a famous Italian Mathematician from Pisa that introduced a simple and influential sequence of numbers that are now commonly known as the Fibonacci numbers. The Fibonacci series of numbers start with zero, followed by one. You then add zero to one to get the third number. To get the fourth number, you add the second and third numbers, which are one plus one, to get two. This goes on until you get the largest number possible. The numbers create ratios that describe the natural proportions of things in the physical world. This ratio is critical in maintaining the balance in nature as well as architecture. It is also essential in financial markets, and it helps traders to calculate both support and resistance levels in their trading strategies. Whether you are an...