Fibonacci Fan

Fibonacci Fans use Fibonacci ratios based on time and price to construct support and resistance trendlines

clipped from www.investopedia.com Fibonacci Fan A charting technique consisting of three diagonal lines that use Fibonacci ratios to help identify key levels of support and resistance. clipped from www.youtube.com clipped from www.investopedia.com Fibonacci fans are created by first drawing a trendline through two points (usually the high and low in a given period), and then by dividing the vertical distance between the two points by the key Fibonacci ratios of 38.2%, 50% and 61.8%. The result of these divisions each represent a point within the vertical distance. The three 'fan' lines are then created by drawing a line from the leftmost point to each of the three representing a Fibonacci ratio.

Fibonacci Part 1

If it was that easy to make money from this , go ahead and make billions.

clipped from www.youtube.com Fibonacci Part 1 If it was that easy to make money from this , go ahead and make billions. Somebody has to come up with an explanation from the trader´s point of view. One doesn´t know what the graphic looks like already. All these explanations go so far into the future of the graph

Fibonacci Forex Trading

Fibonacci profit target to exit your trend trades at and consider counter trend IF there are other factors such as other support/resistance there and how far overextended the trend is

clipped from www.youtube.com Fibonacci Forex Trading The 1.618 is a Fibonacci profit target to exit your trend trades at and consider counter trend IF there are other factors such as other support/resistance there and how far overextended the trend is. In doing a counter trend trade at that level I typically will look for at LEASE a 38% Fibonacci pullback to look to exit at. That should be an area to LOOK for an exit. The actual exit is often a much bigger profit than this as you need to use trailing stops. For instance, we now have a way to scan to see which currencies to buy and which to sell. Our FX Multimap trend allows you to sort and watch the STRONGEST trending and auto link them to charts even.