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Forex Analysis |
Daily Technical Analysis
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Fibonacci Time Zones - ForexAbode.com
Fibonacci Time Zones
Unlike the other Fibonacci analysis tools , as mentioned in the main Fibonacci analysis page (link at the bottom) and which are for predicting the retracements, Fibonacci time zones are a series of vertical lines. They are composed by dividing a chart into segments with vertical lines spaced apart in increments that conform to the Fibonacci sequence (1, 1, 2, 3, 5, 8, 13 and so on.). These lines indicate areas in which major movement can be expected:
This is just one tool available as an extension of resources but to our best understanding is not used so commonly. Fibonacci Time Zones are shown in Fig 14 as follows.
Fibonacci Time Zones - Example 1:
To go back to the main page of Fibonacci Retracements
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