0,1,1,2,3,5,8,13,21,34,55,…. Can you notice the pattern in this sequence?
Each number is a sum of the previous two numbers in the series.
Called the Fibonacci sequence, the above numbers are also known as ‘magic numbers’ and are found in many areas of the world like galaxies, sunflowers, the human body, etc.
One more interesting phenomenon - the quotient between each successive pair of Fibonacci numbers approximates 1.618, or its inverse is 0.618, known as the golden ratio.
But why are we learning about this?
Because this can be applied to improve the accuracy of trading strategies. In fact, these ratios can be used to find potential support and resistance levels while trading, which you can learn in our latest newsletter issue 
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