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Trading and Investment Terminology

Fibonacci Fan

Fibonacci fans are a combination of trendlines plotted from a single point and distant from each other based on Fibonacci ratios.

 

Fibonacci fans share the main idea with Fibonacci retracements: using Fibonacci ratios to predict future support/resistance levels.

 

On an uptrend period, it is suggested that the main trendline be plotted from the bottom to top so that retracement lines are placed below it; these lines might predict potential support levels.

 

Conversely, on a downtrend section, the fan is plotted from the top to bottom, the retracement lines appear above the main trendline, serving as potential resistance levels.

 

Rising Fibonacci Fan

  • Fan Line 1: Trough to 38.2% retracement
  • Fan Line 2: Trough to 50% retracement
  • Fan Line 3: Trough to 61.8% retracement

The three Fibonacci fans project into the future with slopes at 38.2, 50, and 61.8% (additional levels are also available).

 

 

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