Fibonacci Arcs Trading and How to Use Them

Fibonacci Arcs are used to help identify potential areas of Support and Resistance on the chart.

A line is drawn between an extreme low and an extreme high. The Fibonacci Arc tool then plots 3 arcs fanning out from the second extreme point, the arcs corresponding to the 38.2%, 50% and 61.8% Fibonacci percentage levels. Areas of Support and Resistance are seen to develop as the price approaches the arcs.

For example, see pound-dollar daily candlestick chart from March 2013 to October 2013. Joined March low and June high and we can see that taken strong support at 50% and 61.8% twice and from 61.8% levels, we saw strong rallies twice in row.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.