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Random article: Fibonacci fan
This instrument is so astonishing that it can be called a road map of price. As the most part of indicators, Fibonacci fan shows key levels, which can perform as support or resistance levels on the basis of Fibonacci prices, in other words, the very point, where price can stop and get possible correction. Like Fibonacci levels, Fibonacci fan allows to define support and resistance levels. More often significant fall-down or growth make the price return to the previous levels. Over the correction, the price meets resistance and support on the levels where Fi fan is located or nearby. In case the price breaks through support level, it moves to the level of resistance.
According to official sources, the Pareto Principle was named after the economist and sociologist Vilfredo Pareto, who was born in Paris in 1848, but was Italian by nationality. From 1906, he began to notice certain economic patterns. For example, he noted that 80% of the land in Italy belonged to 20% of the population. Then, he formulated the principle, noting that 20% of the pods in his garden contained 80% of the peas. These and other regularities led to the fact that Vilfredo Pareto developed the “80/20 Rule”, which in general form looked as follows: 80% of the effects come from 20% of the causes.
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