Tag: Fibonacci Fan Lines

Fibonacci Fan and how to Use them as Trend line support and Resistance

Fibonacci Fan Lines are used to help identify key Support and Resistance Trend Lines. Similar to the Fibonacci Retracement, support and resistance lines are calculated by drawing a trend line between a significant low and a significant high. This trend line is set as the 0% line. The Fibonacci Fan tool then plots 3 diagonal […]

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