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Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers.
The Mathematical Gazette is the original journal of the Mathematical Association and it is now over a century old. Its readership is a mixture of school teachers, college and university lecturers, ...
161.8% (1.618, known as the Golden Ratio) results from dividing any Fibonacci number in the sequence by another Fibonacci number that is found 1 place to the left in the sequence.
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