Financial markets are driven by people and are therefore influenced by the behaviour of people. Human behaviour is controlled, in turn, by both conscious and subconscious thought patterns. Whilst we are consciously unaware of its influence over us, the golden ratio of 0.618 appears to govern our judgement in situations […]
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By Alex Douglas and MMS Singapore Abstract / Introduction: Everybody with exposure to the commentary of technical analysts has come across the name Fibonacci or its common abbreviation, Fibo. We hear of Fibonacci retracements, Fibonacci levels, Fibonacci targets and Fibonacci fans among others. These Fibonacci comments are often supplied with […]
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Overview Leonardo Fibonacci was a mathematician who was born in Italy around the year 1170. It is believed that Mr. Fibonacci discovered the relationship of what are now referred to as Fibonacci numbers while studying the Great Pyramid of Gizeh in Egypt. Fibonacci numbers are a sequence of numbers in […]
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