fibonacci retracement use in financial market.

1. you will see the 61.8% , 38.2%, 23.6% Forex Fibonacci levels being used most commonly in the financial markets. these numbers are not directly from the sequence, they are derived from mathematical relationships between numbers in the sequence . 1 The basis of the 61.8% ratio comes from dividing a number in the Fibonacci series by the number that follow it, For example: 34/55=0.6181. 2. The 38.2% ratio is derived from dividing a number in Fibonacci series by the number two places to the right. For Example:34/39=0.3820. 3. The 23.6% ratio is the derived ratio by dividing a number in the Fibonacci series by the number three places to the right. For Example; 34/144=0.2361.