The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

the hAnDbook oF teChnICAl AnAlysIs

Figure  10.1 The Fibonacci and Lucas Sequences with Their Corresponding Ratios
(Fn/Fn−1).

Figure 10.2 The Fibonacci Ratio (Fn/Fn−1) versus Its Number Sequence.

10.2.1 geometrical significance of the Fibonacci ratio

In addition to the unique mathematical property of asymptotically approaching

the ratio of 1.618 in the limit, the Golden Ratio also has special geometrical sig-

nificance. Refer to Figure 10.4 below.