FIBONACCY WHEN RANGE IN WHICH?
The only variable in the analysis methods mentioned above is not the price. The time variable should also be examined extensively. In this context, Fibonacci Sequences can be used in price changes as well as in time intervals. When time intervals are set, the figures in the Fibonacci Series are bases in days, that is, they are divided into trend day intervals of 1-1-2-3-5-8-13-21-34. This analysis is used to determine the duration of the fluctuations.
WHAT ARE FIBONACCI BANS?
The Fibonacci Arcs are formed by the reference line drawn at the ceiling level from the trend base level observed by the parity. Fibonacci arcs are called springs that are plotted at the 81.8%, 50% and 38.2% levels of this line.
In the Fibonacci Arcs analysis method, if the price is getting closer to the pedestrian, the support is interpreted as resistance if it approaches from below.
WHAT IS FIBONACCI FANS?
Another use of the Fibonacci Sequence in financial analysis is the Fibonacci Fan Lines.
As we mentioned in other Fibonacci Analyzes, a guide line is drawn on the base and ceiling points in Fibonacci Fans. This guideline should be drawn to the ceiling point of the intermediate trend rather than the main trend.
Fibonacci FAN Analysis is not a straightforward method of analysis. This is because of the increase in the margin of error in volatile markets or periods. For this reason, it is recommended to apply it in more stable stabilized markets.