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Fibonacci Fan

The Fibonacci Fan is part of the Fibonacci Tools. And it has a similar appearance as Gann Fans.

The Fan is created drawing a line between a major high and low. A vertical line is drawn from the second point. And the retracements are calculated on that line between the high and low points.

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

The fan consists of 4 lines. Besides the line between the high and low point or low and high point there are three retracement lines at the levels of:

  • 38.2%
  • 50%
  • 61.8%

The fan lines can indicate support, resistance or reversal points.

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