Why is Fibonacci Series called Fibonacci Series?
The Fibonacci series was found by Leonardo Fibonacci. Leonardo Fibonacci, born in Italy, discovers these numbers when he searches for a problem and decides to give his name.
Why is Fibonacci Series so Important?
Fibonacci Series As we have mentioned in the title, the numbers
in the series are divided by the number of the previous number and the number of the gold is approached within the objects of
our lives and these numbers are important a nd mysterious. The golden ratio found in the Fibonacci Series is found in ancient Egyptians. The Greeks, like the Egyptians, used this number in architecture. To put it simply,
The geometric orbital between the parts that make up the whole.
If we try to explain Fibonacci Sequence with examples from our daily life,
The ratio of our index finger to the previous node is the golden ratio.
The rate of gold we can reach with the Fibonacci series also arises from the proportion of sensory organs in the human face.
For example, the area of our ears, from under the nose to the jaw, contains the golden ratio.
In Egyptian pyramids, the ratio of the base to the height gives the golden ratio.
USE OF FIBONACCIR DESIGN IN THE FINANCE SECTOR
FIBONACCI CORRECTION LEVELS (RETRACEMENT)
E.G / Let’s consider a parity that has seen the lowest price of 1.0520 and the highest price of 1.1376 on the basis of time.
When we subtract the high price from the low price, 1,1376 – 1,0520 = 0,0856. If we hit this value with 1.272 above, it will be 0.0856 * 0.232 = 0.0198. When we add this value to the high price of 1.1376, it will be 1.1578. This emerging value reveals the trend we expect to see the parity rise.
As can be seen from this example, it can not be expected that the movement of a parity in the financial sector will be uninterrupted. The Fibonacci Series provides analyzes that can help in determining this trend.
Another use of the Fibonacci series in the financial sector is Fibonacci Time Spans.