Fibonacci numbers and sequences are used to determine potential Buy and Sell price levels.
You are about to learn about a very powerful sequence of numbers and their ratios, that have a strong relationship to the movement of price. Calculations using these numbers are carried out on facts, being a high and low of a price or trading range. Fibonacci Retracements use horizontal lines to indicate areas of price Support and Resistance.

Learn the calculations and how and when to use the  Fibonacci Retracement Tools and then check the charts for yourself. The calculations will serve as a guide to future support and resistance level for price. You will see that Fibonacci Retracement Tools are simple to calculate and use. Yet a very powerful tool.

HELPING TO PREDICT THE EXTENT OF PRICE RETRACEMENTS: Leonardo of Pisa,  better known as Fibonacci, was an Italian mathematician, considered by some "the most talented mathematician of the Middle Ages". The Fibonacci numbers are a sequence of numbers named after Leonardo of Pisa. He introduced the sequence to Western European mathematics through his book called Liber Abaci in the thirteenth century.