How to Trade Using Fibonacci Fans
December 5, 2021
Construction of a Fibonacci Fan During Price Growth
December 5, 2021

Construction of a Fibonacci Fan During a Fall in Price

During a fall in price (a bearish trend), a Fibonacci Fan is constructed from left to right – from the maximum price value to the minimum. The initial position is chosen according to the maximum value, and the upper bound is created such that the 0.5 level is located at the minimum price value.

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