Introduction to FIBS

In this lesson we will introduce another type of support/resistance indicator—Fibonacci Retracements. The Fibonacci golden rule is based on certain mathematical relationships, expressed as ratios, between numbers in a series. Their discovery was popularized in the Western world by the thirteenth-century mathematician Leonardo Fibonacci. They have application in fields as diverse as biology, music, art, and architecture.
In this lesson, we will focus on only the relevant Forex Fibonacci applications.

Video Tutorial

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