📊 Fibonacci Indicator (Complete Detailed Guide for Traders)
1️⃣ What is Fibonacci Indicator? The Fibonacci Indicator is a technical analysis tool based on the mathematical sequence discovered by Leonardo Fibonacci in the 13th century. The sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 ... Each number = sum of previous two. From this sequence, key ratios are derived: Ratio Value 23.6% 0.236 38.2% 0.382 50%* 0.5 (psychological level, not true Fibonacci) 61.8% 0.618 (Golden Ratio) 78.6% 0.786 100% Full retracement 1...