Fibonacci Time Zones
Use this tool to draw Fibonacci time zones in the chart. To do this, follow these steps:
- From the "Fibonacci time zones" button menu, select the "Fibonacci time zones" entry.
- Then click the starting position of the element in the chart.
- Change element that appears to the size you need. Next, click the end point for the segment.
This draws the Fibonacci time zones. You can now select and move them or drag at one of the touch points to make it longer or shorter.
Fibonacci Time Zones are a set of vertical lines. They are drawn into the chart, by clicking with your mouse on the start point for the first time zone. The time zones are drawn in, spaced at the Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233 and so on. Using the Fibonacci interpretation you look for substantial price changes close to the lines.
For more information about working drawing elements, see Edit drawing elements and Delete drawing elements.