Calculating Fibonacci Retracements
"Fibonacci numbers are based upon the Fibonacci sequence discovered by Leonardo de Fibonacci de Pisa (b.1170- - d.1240). Although the numeric series was devised as the solution to a problem about rabbits, the concept generally relates to all natural cycles of growth and decline."
I don't bother and just use incredible charts auto function. Maths geeks may enjoy it though :)
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