Fibonacci, was an Italian mathematician who is most famous for his Fibonacci sequence and for popularizing the Hindu-Arabic numeral system in Europe.
The golden ratio is sometimes called the “divine proportion,” because of its frequency in the natural world. The number of petals on a flower, for instance, will often be a Fibonacci number. The seeds of sunflowers and pine cones twist in opposing spirals of Fibonacci numbers. Even the sides of an unpeeled banana will usually be a Fibonacci number—and the number of ridges on a peeled banana will usually be a larger Fibonacci number.
Fibonacci retracement is a method of technical analysis which uses the Fibonacci sequence to determine at what point the price of a financial asset will stop and reverse in the opposite direction. Stock traders frequently take a cue from Fibonacci retracement to predict future share prices.
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