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<span style=”color: #777777; font-family: ‘Open Sans’; font-size: 13px; line-height: 20px;”>In Fibonacci series, by dividing one number by the number that follows in this series, the answer always will be 61.8%…..like wise 38.2% if divided by second number in the right, and 23.6% when divided by third number in the right. These ratios are used to determine the support and resistance levels in stock market.</span>
Fibonacci retracements are the Ratios used to identify potential reversal levels.
These ratios are found in Fibonacci sequence:0,1,1,2,3,5,8,13,21………….
Fibonacci retracements are 61.8% and 38.2%(rounded as 62% and 39%)
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