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<strong>Fibonacci</strong> Part I – page 2<br />
<strong>Fibonacci</strong> <strong>Numbers</strong>: Part 1<br />
________________________________________<br />
The use of <strong>Fibonacci</strong> numbers in your trading can be a powerful asset.<br />
For most traders, the meaning of these numbers, and their use, are either<br />
misunderstood or left unused. This is a shame. You’re going to add the<br />
power of these numbers to your toolbox – and you should start by getting a<br />
good background in these numbers.<br />
Leonardo Pisano (or “<strong>Fibonacci</strong>”, as he is now called) discovered a<br />
mathematical sequence of numbers with predictive value throughout<br />
nature. Fib numbers start with 0 + 1 and then progress by adding the last<br />
two numbers in the sequence as follows:<br />
0 + 1 = 1 1 + 1 = 2<br />
So 1 and 2 are two of the first Fib numbers (0 is also a Fib number).<br />
Continuing down the line by adding the last two numbers in sequence<br />
leads to the following line of numbers:
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