Time-based tools help anticipate when price moves might occur. Vertical lines spaced according to Fibonacci numbers help traders identify potential timing for market reversals or continuations.
Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels.
By integrating Fibonacci levels with Elliot Wave theory and Gartley patterns, trend lines, and momentum indicators such as the Moving Average Convergence Divergence (MACD), and the Relative ...
The first are major Gann squares, these are the yellow horizontal lines on the chart. On the chart you can see where the market turned multiple times at these levels. The second is Fibonacci ...