Shapes

Trend-Based Fibonacci Extension

2019-05-14T08:52:29+10:00

Fibonacci Extension, available on most trading platform, is a derivative of Fibonacci retracement and is price levels created by tracking a price’s primary move and its retracement. The resulting price levels that are drawn on the chart represent potential support and resistance in the subsequent movement. In this way, it can help establish profit targets on trend trades or alert a trader to where potential trend reversal areas could develop.

Trend-Based Fibonacci Extension2019-05-14T08:52:29+10:00

Fibonacci Speed Resistance Fan

2019-05-14T08:40:37+10:00

“Speed resistance lines” are an analytical tool in technical analysis that is used for determining potential areas of support and resistance. Developed by Edson Gould, a prominent market technician who was famous for his market calls in the 60s and 70s, this tool are trendlines based on Fibonacci retracement points (38.2%, 50.0%, 61.8%, etc.).

Fibonacci Speed Resistance Fan2019-05-14T08:40:37+10:00

Fibonacci Time Zones

2019-05-14T08:37:08+10:00

“Fibonacci Time Zones”, present as vertical lines based on the Fibonacci Sequence, is a technical indicator that identifies periods in which the price of an asset will experience a significant amount of movement. This technique contains a series of vertical lines that correspond to the sequence of numbers known as Fibonacci numbers (1,2,3,5,8,13,21,34,55, etc.), where each successive number is the sum of the two previous numbers.

Fibonacci Time Zones2019-05-14T08:37:08+10:00