Fibonacci Arc

Fibonacci Arc is a stock chart overlay consisting of three curved lines that are drawn for the purpose of identifying key support and resistance levels.

Fibonacci Arc

Fibonacci Arc is a stock chart overlay consisting of three curved lines that are drawn for the purpose of identifying key support and resistance levels.

 


Application of Fibonacci Arc

Fibonacci Arcs are created by drawing a line between the high and low pivot points in a given period.  Then three semi-circles or curves are drawn that intersect the line at key Fibonacci levels (38.2%, 50% and 61.8%). The curves act as support and resistance levels.

Illustration of Fibonacci Arc

Illustration of Fibonacci Arc


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