Fibonacci theory
thanks for the article , yes fibonacci is an old school theory but still usefull till now , there're so many nature phenomena that obey the fibonacci rule including this business
Fibonacci Number Theory- even show up in Forex trading. Ratios found in the Fibonacci sequence can be seen in currency price moments. They also appear in the price movements of stocks and other types of investment. The big three numbers you should pay attention to in Forex trading are 0.382, 0.5, and 0.618.Many people use it.
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The concept of Fibonacci Forex trading is being used by millions of Forex traders all around the world. These numbers forecast the coming oscillation in the Forex charts. Though, at the same time, the prediction made cannot be proclaimed as flawless and straight hitting to the mark, the closeness it gets to is quite amazing. The Fibonacci levels are very elementary and fundamental concepts which need to be grasped before delving into the risky environment of Forex trading.
If you are interested you can read the rest of the article at Fibonacci theory.