Technical Analysis, Charts Drawings:
Fibonacci Tool 2
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Description: technical analysis, Fibonacci Fan, Fibonacci Arks numbers, sequence of numbers, charts analysis, Fibonacci analysis, NASDAQ 100 chart.
Fibonacci Tool 2 is an analytical chart drawing that combines two indicators (Fibonacci Arks and Fibonacci Fan) in a single drawing. The idea behind this indicator is to display arks and fans that are based on the same trend-line defined by a user. The following analysis allows analyzing simultaneously a fan's lines and arks as possible support and resistance levels. Special attention is given to the crossovers of the fan's lines and Fibonacci arks at levels where price is most vulnerable to changing its trend (most possible support and resistance levels).
Chart 1: NASDAQ 100 chart with Fibonacci Fan and Arks
V. K.
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Copyright 2004 - 2013 Highlight Investments Group. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Our pages are constantly scanned. If we see that any of our content is published on other website, our first action will be to report this site to Google and Yahoo as a spam website.