Fibonacci Tools

Fibonacci Tools serve to give levels of retraction of recent moves. After a strong move it is common that price moves in teh opposite direction before continuing its original move. This is known as a retraction and Fibonacci tools help analyze when price action moved 1/3, 1/2, or 2/3, away from the last peak.

Technical traders get a sense for the stregth of trends as these different levels are tested. As more and more traders use these levels, they become more and more important.

Using Fibonacci Tools

To draw Fibonacci lines, click the tool you want, then select a price low and peak, connect the two. You can start at either the peak or the low, depending on the direction you are trying to examine.

To change the beginning or ending point, click on the base trendlines endpoints and modify them. To move the whole Fibonacci tool, click and drag any of the lines of the Fibonacci tool.

Here are screenshots of our Fibonacci Tools:

Horizontal Fibonacci Lines

Vertical Fibonacci Lines

Angled Fibonacci Lines

Fibonacci Fan

Fibonacci Arc