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Fibonacci Arcs

The Fibonacci Arcs are part of the Fibonacci Tools.

The Arcs are drawn as circles around a major low or high. And at 38.2%, 50% and 61.8% away from the origin.

The arrows on the chart show support and resistance from the arcs.

The Arcs act as support and resistance levels. And price starts moving to the next level once a level has been breached.

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