The Fibonacci sequence is a series of numbers in which each number is the sum of the two preceding ones, usually starting with 0 and 1. The sequence goes as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on. This sequence can be used in various fields such as mathematics, art, and finance. In trading and investing, the Fibonacci retracement tool is used to identify potential levels of support and resistance. These levels are calculated by taking key Fibonacci ratios of the price move in question.
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