Nexus Energy Services Inc (IBGR)

[Drugdoctor]

Exactly...Fibonacci Numbers/Lines in Finance


Many traders believe that the Fibonacci numbers and golden ratio play an important role in finance. In particular, many traders are focused on three percentages based on the golden ratio, including 38.2%, 50%, and 61.8%. These ratios are created by dividing the next highest number (e.g. 89/55 = 0.618 and 13/34 = 0.382). Using this technique, traders can calculate percentages as high or low as needed.