what are the fibonacci ratios 
the fibonacci ratios are derived from the fibonacci sequence 0 1 1 2 3 5 8 13 21 34 55 89 144 233 and so on here each number is equal to the sum of the two preceding numbers fibonacci ratios are informed by mathematical relationships found in this formula as a result they produce the following ratios 23 6 38 2 50 61 8 78 6 100 161 8 261 8 and 423 6 although 50 is not a pure fibonacci ratio it is still used as a support and resistance indicator 