Atefeh Niromand - Department of Computer EngineeringPayam Noor University, Tehran, Iran
Azam Niroomand - Department of Computer EngineeringPayam Noor University, Tehran, Iran

thesedays, doing business via the internet has become so easy through electronic commerce and electronic business.One of the more important implementations of electronic commerce has been doing the security price movements, especially because accurate and on-time forcasts are crucial. The Fibonacci series numbers is very important in the price movements.The best use of the numbers is to forecast future irregular moves in a stock which are based on past and cyclic moves. Stock marketing analysts have different ways of making business forecasts but most of these solutions are not absolute and are not able to achieve correct results. In this paper, a suitable solution for forecasting price movements suggested, using Fibonacci sequence. This series have been shown to have a beneficial effect on the market by ensuring ontime correct forcasts which can lead to considerable income increases.

Forecasting Price Movement, Fibonacci number, Fibonacci Ratios, Wave, Technical Analysis