Fibonacci trading is gaining popularity because it works and markets, whether Forex or stock, react to Fibonacci numbers and levels. Fibonacci is a number sequence established by Leonardo Fibonacci, an Italian mathematician: 0, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711, 28657, 46368, 75025, 121393.......

Fibonacci numbers begin with 0, then one, and the third number is obtained by adding 0+1. (the first and the second number). Then, to get the fourth number (3), add the second and third numbers (1+2).
Knowing when and where the market will reverse to keep going is what Fibonacci trading is all about. The most significant aspect of Fibonacci trading is that Fibonacci levels serve as support and resistance levels. When the price rises, they serve as resistance, and vice versa. When a Fibonacci level is broken as a resistance, it can also operate as a support and be retested, just like any other support or resistance. It's the same as when a Fibonacci level fails to act as a support.

Website https://en.wikipedia.org/wiki/Fibonacci_number

The Fibonacci sequence is a famous series of numbers where each number is the sum of the two preceding ones, starting from 0 and 1. It begins as 0, 1, 1, 2, 3, 5, 8, 13, 21, and continues infinitely. Named after the Italian mathematician Leonardo Fibonacci, who introduced it to Europe in his 1202 book Liber Abaci, the sequence originally appeared in Indian mathematics. The Fibonacci sequence has fascinating applications in nature, art, and science, appearing in patterns like the arrangement of leaves, flower petals, and spiral galaxies. The ratio between consecutive Fibonacci numbers approaches the golden ratio (approximately 1.618), which is often linked to aesthetic harmony. This mathematical concept remains influential in fields ranging from finance to computer algorithms.