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Dinesh Ram replied to the topic What is the logic behind golden Mean – Fibonacci Series? in the forum Technical Indicators to understand market trend 8 years, 7 months ago
This ratio was found by Fibonacci which is found as follows.
Fibonacci Series: 0 and 1 is the original number and adding the latter with the former in the sequence will a series of numbers. 0,1,1,2,3,5,8,13 and so on.
It is interested to note that starting from 6th number in the series, a ration formed between higher and immediate lower number…[Read more]
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