Fibonacci Studies

Fibonacci studies are a bunch of technical tools to predict levels of support and resistance through relationships between Fibonacci numbers based on sequence and Fibonacci ratios. They can be applied to almost all market data series, including Forex, futures, index products, stocks and mutual funds. Each Fibonacci study with its own shape has unique characteristics to determine price objectives. Four major Fibonacci studies are Fibonacci arcs, Fibonacci fans, Fibonacci retracements, and Fibonacci time zones.