Tag: Fibonacci Arcs Mt4

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. […]

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