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chart_analysis:fibonacci_fan [2019/09/07 00:04] betseyp [SharpCharts] |
chart_analysis:fibonacci_fan [2023/09/15 22:30] jayanthi [Introduction] |
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| ===== Introduction ===== | ===== Introduction ===== | ||
| - | Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance. | + | The Fibonacci Arcs Indicator is a versatile tool to help you identify support and resistance levels in a changing market. It does this by incorporating a time component, which gives you a more comprehensive and adaptable view of price barriers. |
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| + | Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance. | ||
| ===== The Sequence and Ratios ===== | ===== The Sequence and Ratios ===== | ||