18.08.2019

AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 21
Fibonacci
A magical number series introduce by Italian Mathematician Leonardo Fibonacci 
(period 1170- 1250)


We will discuss about

1) Fibonacci Series
2) Fibonacci Ratio

1)Fibonacci Series :-
Series star from 0, in some book it start with 1 Each number is the sum of two preceding number and series goes on

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89,144, 233,377,610 ,987,1597,2584

We also found Fibonacci number in so many examples in nature like in Pineapple Cone, Sunflower's Seeds, Flower of Lily, Sea Shells etc.

2)Fibonacci Ratio :-

On the basis of this series below are the some famous time tasted and trusted ratio are well famous

(1) 23.6% (2) 38.2% (3) 61.8%

1)The 23.6% ratio found by dividing one number in the series by the number is the three place to the right 13/55, 55/233 610/2584....

2) The 38.2% ratio found by dividing one number in the series by the number that found two place to the right 21/55.... 55/144.... 89/ 233.....

3) 61.8% is known as Golden Fibonacci Ratio The Golden Fibonacci ration 61.8% is found by dividing one number in the series by number that follow it 21/34....55/89.....89/144......

Fibonacci Ratio also having huge importance in Technical Analysis....with the help of Fibonacci we can forecast the levels of any tradable security, in Swing Trading it play an important role to forecast the maturity level of Up Swing and Down Swing.

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