Name mathematician Fibonacci fan already become current tight market analysis Forex. The most famous Fibonacci fan grid, but the subject of her past will also talk about Fibonacci fan.
For those who are not familiar with these concepts should read the topic:
Fibonacci in Forex
Fibonacci fan
Our patient today pair GBP / USD, equal to the timeframe H1.
Immediately mark up five wave pattern, we construct the grid.
Now select a tool, "Fibonacci Fan." (Box-Fibonacci fan) and tightens it to the chart as follows:
1. Start at the beginning of the fan has to develop a new pattern, the start of the new movement.
2. The other end of the fan guy we put on the end of the first wave. The figure marked with a red rectangle.
Here you can adjust a little Fibonacci fan indicator that one of the arches was the level of resistance to the vertices (in this case, 23.6%). Because we We stretch a fan after the motion passed up and we expect a correction.
Change the banner of the Fibonacci fan should be left to the right and when it aloft to keep the same level.
Then the Fibonacci fan is installed. In Figure 1, red ovals marked area of the rays of the fan as a resistance level support.
Let me note at once, so I work sometimes on a Fibonacci fan I am, and the more people who analyze charts on fractal analysis. For example pure volnoviki use a fan as shown in Figure 2.
If you have any questions, ask, be sure to discuss it.
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