The Fibonacci Channel is a technical analysis tool that is used to identify potential support and resistance levels within a trending market. It is based on the Fibonacci ratios and is created by drawing parallel trendlines that correspond to these ratios. To construct a Fibonacci Channel, you start by identifying a trend in the […]
Fibonacci Arcs are a technical analysis tool used in financial markets to identify potential support and resistance levels based on Fibonacci numbers. They are a series of curved lines drawn on a price chart, representing a set of Fibonacci levels. Fibonacci Arcs start with an arc line that begins at the starting point of […]
Fibonacci, also known as Leonardo of Pisa or Leonardo Fibonacci, was an Italian mathematician who lived during the 12th and 13th centuries. He is best known for introducing the Fibonacci sequence to the Western world. Here is some detailed information about Fibonacci: Fibonacci Sequence: The Fibonacci sequence is a mathematical series in which each […]