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Technical Analysis - Financial Glossary
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Fibonacci Sequence | |||||||||||||
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The sequence of numbers (0, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...), discovered by the Italian mathematician Leonardo de Pisa in the 13th century and the mathematical basis of the Elliott wave theory, where the first two terms of the sequence are 0 and 1 and each successive number in the sequence is the sum of the previous two numbers. Technically, it is a sequence and not a series. | |||||||||||||
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Traders Floor | Index Trading | Technical Analysis |
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