Can any one help me out about use and calculation of Fibonacci series in stock market – any website ?
July 30, 2010 by TheRainMaker
Filed under Stocks & Options Trading Tips
Question by tawakley: Can any one help me out about use and calculation of Fibonacci series in stock market – any website ?
Best answer:
Answer by dredude52
The series is very simple.
0 1 1 2 3 5 8 13 21 34 55 89 144 …
You just add the two previous numbers to the next number.
There are tons of websites related to your question, so you just haven’t looked, and so don’t know enough to ask a specific question.
Give your answer to this question below!


The Fibonacci numbers are used in the Elliot wave theory. Those are the words you should be Googling for.
A starting point is here:
http://en.wikipedia.org/wiki/Elliot_wave
Personal opinion: I never got it to work as a system, but I know people who swear by it.