Tag: Fibonacci Wedge

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. […]

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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