Fibonacci Numbers

Fibonacci was a mathematician and the term applies to his number sequence. The Fibonacci sequence is used in technical analysis to determine levels of support and resistance.

The analysis used suggests that price trends will change around levels determined by Fibonacci analysis.

Free Resources

To continue learning and advancing your career, check out these additional helpful WSO resources:

• Retained Earnings
• Fraud Triangle
• Accounts Receivable Turnover Ratio
• Marginal Cost Formula
• Nash Equilibrium