Fibonacci Time Zones
By SmallStocks on Aug 1, 2008 in Technical Analysis
Fibonacci Time Zones are a series of vertical lines that are spaced at the Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, etc (Refer to Fibonacci Numbers). The interpretation of Fibonacci Time Zones involves looking for significant changes in price near the vertical lines. Once a trader chooses a starting position (most commonly following a major move) on the chart, a vertical line is placed on every subsequent day that corresponds to the position in the Fibonacci number sequence.
Normal Calculation
Lines 1,2,3,5,8,13,21,34,55,89 etc
Typical Charting Program Formula:
Irrelevant for Typical Charting Program as it can’t be changed
Formula Parameters:
Irrelevant for Typical Charting Program as it can’t be changed
Fibonacci Time Zones Chart:
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