Definition Fibonacci Sequence

Glossary

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Fibonacci Sequence

The sequence of numbers as follows: {0, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...}. The formula for the sequence is X₁+X₂ = X₃, (the first two terms of the sequence are 0 and 1 and each successive number in the sequence is the sum of the previous two numbers).This pattern was discovered by the Italian mathematician Leonardo de Pisa in the 13th century and is the mathematical basis of the Elliott wave theory.

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