*What is Fibonacci Series?*

*What is Fibonacci Series?*

* *

*The Fibonacci Sequence is a series of numbers obtained by summing each number by its previous number. The feature of the numbers in the Fibonacci Dice is that the numbers in the Fibonacci Sequence are proportional to the previous ones and that the series is approaching the golden one.*

*The Fibonacci sequence does not have to start with the number 1. It can start with any number.*

**For example,** 0-1-1-2-3-5-8-13 is a Fibonacci Sequence, but may also continue as the Fibonacci Sequence, 4-4-8-12-20-32-52-84.

**For example,**0-1-1-2-3-5-8-13 is a Fibonacci Sequence, but may also continue as the Fibonacci Sequence, 4-4-8-12-20-32-52-84.

* *

*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)*

*The Fibonacci series is used in the financial sector to estimate the value of the receivables of financial assets. The Fibonacci Sequence used in technical analysis applications is the gold bulb that we can reach. Generally used rates are 1.618 and 1.232.*

**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.*