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Can any one help me out about use and calculation of Fibonacci series in stock market – any website ?


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    2 Responses to “Can any one help me out about use and calculation of Fibonacci series in stock market – any website ?”

    • dredude52:

      The series is very simple.

      0 1 1 2 3 5 8 13 21 34 55 89 144 …

      You just add the two previous numbers to the next number.

      There are tons of websites related to your question, so you just haven’t looked, and so don’t know enough to ask a specific question.

    • cordefr:

      The Fibonacci numbers are used in the Elliot wave theory. Those are the words you should be Googling for.

      A starting point is here:
      http://en.wikipedia.org/wiki/Elliot_wave

      Personal opinion: I never got it to work as a system, but I know people who swear by it.

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