Tag: How To Calculate Fibonacci Support And Resistance

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 […]

Fibonacci Retracements : How to use them to calculate Support and Resistance

Fibonacci Retracement tools are used to identify key horizontal Support and Resistance levels. Fibonacci Retracement levels are calculated by drawing a trend line between a significant low (represented as a 0% level) and a significant high (represented as the 100% level) and plotting horizontal lines at each of the Fibonacci percentage levels (23.6%, 38.2%, 50% […]

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