Fibonacci
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Fibonacci Ratio Introduction
Like candlesticks, Fibonacci ratios have been the subject of more words than most people can imagine. They’re based on a discovery by an Italian mathematician named Leonardo Fibonacci who first described them over eight hundred years ago. He wasn’t the first to discover them, but he introduced the idea to the West and by the time the earlier discoveries were publicized they were pretty well linked with his name. Let’s look at the Fibonacci ratios closer…