Fibonacci Fan

Draw a line from an important bottom and top (A-B). The fan is drawn using the following default values: 21.4%, 38.2%, 50%, 61.8%  and 78.6%.  You may change these values to whatever you want.

Select the lines to be shown in the Fan parameters window. You can also change the color and thickness of the lines as well as select which lines to show and whether you want to extend the expansions to the end of the chart.  Horizontal lines show you the price retracements from the points A and B.

Trading any market carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.

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