Introduction to the Golden Ratio and Fibonacci Retracements

[Kim 7,512]

A mathematician who lived from 1170 to 1250 named Leonardo Pisano Bogollo introduced the Fibonacci sequence to the West, and tools based on that number sequence are still used by traders and other occupations today. What Leonardo found was a mathematical property that exists throughout nature and his sequence of numbers, called the Golden Ratio. This ratio is found in sunflowers, the Pantheon spiral galaxies and other natural and manmade structures. Nature, and humans which are a part of nature, seem to gravitate toward the Golden Ratio in such ways as how we assess beauty and buy and sell to determine market prices.

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