0,1,1,2,3,5,8,13,21,34,55 .... The next number is found by adding up the two numbers before it. Golden ratio 1.618. Fibonacci ratio 23.6%,38.2%,(50%),61.8%,78.6%,100% fibonacci extention 161.8%,261.8% The stock have a running up,then it may retrace. The ratio may be used to predict the possible support levels. The extention may be used to pridict future price target. A lot softwares have the drawing tool. It can be a reference point. |