alt Hacker NewsI once wondered what happens when you take x away from x squared, and let that equal 1.
I sat down and worked it out. What do you know golden ratio.
Oh and this other number, -0.618. Anyone know what it's good for?
Replies
e9 • today at 8:41 AM
0.618 is used as level for trading with fibonacci retracements: https://centerpointsecurities.com/fibonacci-retracements/
It’s the negative of the inverse of the golden ratio. (Also 1 minus the golden ratio.) So, good for anything the golden ratio itself is good for.