0 used to describe methods of examining and predicting changes, for example of prices on the stock market, that use the mathematical relationships between numbers described by the Italian mathematician Fibonacci:
Traders want to predict how far the stock price is likely to continue moving. Fibonacci projection levels can help.
Fibonacci relationships between the waves suggest that a drop to as low as 194p would not be surprising.
Note that the Fibonacci levels come from the golden ratio of 0.618 to 1; this means that in the foreign currency exchange they’re represented as a percentage of a currency’s price range.
I’ve drawn a Fibonacci Price Projection tool starting with the March low, rising to the June high and then ending at the July low.
