Construction of a Fibonacci Fan During a Fall in Price
December 5, 2021
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December 5, 2021

Construction of a Fibonacci Fan During Price Growth

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

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