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Glossary   >   F   >   "Fibonacci" Definition            Fibonacci For the stock market, a method of measuring potential support and resistance levels An Italian mathematician, born Leonardo Pisano, who lived from 1170-1250. Most famous for the Fibonacci numbers, a sequence of numbers in which each number is the sum of the two preceding numbers. Thus:1, 1, 2, 3, 5, 8, 13, 21, 34, 55 etc.The sequence has proved useful in many different areas of mathematics and science. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Fibonacci - For the stock market, a method of measuring potential support and resistance levels

An Italian mathematician, born Leonardo Pisano, who lived from 1170-1250. Most famous for the Fibonacci numbers, a sequence of numbers in which each number is the sum of the two preceding numbers. Thus:1, 1, 2, 3, 5, 8, 13, 21, 34, 55 etc.The sequence has proved useful in many different areas of mathematics and science.