Fibonacci sequence explained. The Fibonacci sequence is a series of numbers in which each number is the sum of the two that precede it. Starting at 0 and 1, the first 10 numbers of the sequence ...

Very simply, Fibonacci are mathematical ratios that price pulls back to before resuming the trend. The four major Fibonacci retracement levels are: 0.236, 0.500, 0.618, and 0.786.

This diagram shows how the number of pairs of rabbits over time forms the Fibonacci sequence. (Wikimedia Commons CC BY-SA 3.0)If you start with one pair, you soon get two pairs, three, five, eight ...

The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones. It is closely related to the golden ratio, which appears in various natural and artistic contexts.