Italian mathematician, Leonardo Fibonacci, devised a series of numbers in ratios that is also determine the Market. These ratios levels (**23.6%, 38.2%, 50.0%, 61.8%, and 76.4%**) serve as the solid **SUPPORT** and **RESISTANCE**. 61.8% is most promising. Each point may be **entry or exit points, **depending upon your trade strategy.

Also in Statistics, For the normal distribution, the values less than one standard deviation away from the mean account for 68.27% of the set of values. Forex data due to huge set of data is expected to be normally distributed.

so, we can conclude that 60-70% line in fibonacci is the **Golden Ratio** **line**. It means in this line, most of the data has been retraced already, so expected a Pull back after major data’s (60-68%) retraced. This combined alignment of fibo and bell shaped normal distribution’s concept is my own hypothesis.

**FIBONACCI TYPES:**

- Fibonacci Arcs
**Fibonacci Fan**- Fibonacci Retracement
- Fibonacci Time Zones
- Fibonacci Expansion
- Fibonacci Channel

**How to use Fibonacci?
**The SWING is very important to be noted and identified before we construct it. Else result may go wrong.

- If market has gone from below to top (Bullish), and returning down, then, u need to construct fibo line from lowest swing to topmost swing. The below will give 100 to top with 0 value.
- Just reverse case.

**FIBONACCI RETRACEMENT**

**LESSON:** Certainly, Fibonacci retracement levels do not work 100% of the time. No indicator is perfect. But it does provide traders an edge in making profits.

**FIBONACCI EXPANSION:
**The corresponding lines are drawn from the reference point on the interval equal to 61.8, 100%, and 161.8 per cent of the unit interval.

**FIBONACCI ARC:
**Fibonacci Arcs are built as follows: first, the trend line is drawn between two extreme points, for example, from the trough to the opposing peak.

**FIBONACCI FAN:**

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