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As the terms in a Fibonacci sequence get larger, the ratio of each term to the one preceding it gets closer and closer to the golden ratio – approximated to 1.61803 by the first few places in ...
The Fibonacci sequence, commonly attributed to medieval Italian mathematician Leonardo Fibonacci (c. 1170-1250), has a rich history spanning multiple civilizations and millennia.
The best Fibonacci retracement level to use when trading is the Golden Mean or 61.8% level, but the 23.6% and the 38.2% levels are also considered important by technical traders using this technique.
The Fibonacci extensions show how far the next price wave could move following a pullback. Based on Fibonacci ratios, common Fibonacci extension levels are 61.8%, 100%, 161.8%, 200%, and 261.8%.
In the West, however, it would take a few more centuries for the sequence to turn up – and when it did, it wasn’t as a result of simple addition. In fact, it had more to do with multiplication ...
Sunflowers are another famous example of Fibonacci at work in nature. Particularly, the arrangement of seedheads on sunflowers often takes on Fibonacci numbers. For example, if 34 seed rows curve ...
Fibonacci retracement is a widely used technical analysis tool that can provide important support and resistance levels in cryptocurrency markets. It utilizes key Fibonacci ratios (0.382, 0.500, 0.618 ...
Memoization is a computational technique for speeding up the complexity of computer algorithms. It stores the previously calculated results and invokes them later in the body of the algorithm when ...
Fibonacci retracement levels are a strategy that some traders use to analyze a stock’s resistance levels. You can use many different retracement levels but one of the most common is 61.8%.