Topical Terminology  

       

Topical Terminology > Fibonacci Levels



1 Definition

Fibonacci levels

For Fibonacci levels we have a term and definition in Coal Power.



Fibonacci Levels (Coal Power)

Commonly observed ratios between the size of a main trend and retracements. The main ratios are 38.2%, 50%, 61.8%, 100% and 161.8%. These ratios are derived from the number series named after the Italian mathematician: 1,1,2,3,5,8,13, 21... If the first term is divided by the one to the right of it, the result gets nearer and nearer to 0.618, a ratio that recurs in nature and art. Fibonacci levels are used in the weird and wonderful Elliott Wave Theory.




Similar

Browse words that start with:




Browse All Terms by First Letter

Term Search



Powered by Odin Assemble 2.5a