Part I. Mysterious Fibonacci Commander in Pips: Well, well, after some break let’s take a look in our education program - we have passed through some technical issues – support/resistance, trends and candlestick patterns. The time has come to turn in a bit other side and shift to something really superb – Fibonacci numbers and ratios. Pipruit: And who is it - some famous Italian fashion designer? Commander in Pips: Almost, but not of clothes. He is a famous Italian mathematician, who discovered a number consequence with tremendous features that is highly applicable to financial markets including Forex – but let’s move step by step. The first step is a bit of history, the second – a bit of math and then – how it could be used on Forex. Pipruit: Oh, History and math – again… Commander in Pips: Don’t worry son, it will be very shallow information and you will not need to solve any tasks – just to understand what a Fibonacci consequence is. Pipruit: Thank you, Sir. I think I can take it then. Commander in Pips: Ok, we will not move too deep in history, because the ratio that we will talk about was known even in Pythagoras’ times (580-500 B.C.E), we will directly move to 12th century in Pisa, Italy where Leonardo of Pisa (1170-1240) was born.