Fibonacci Arcs
Curved support and resistance lines drawn at Fibonacci ratios from a price swing, combining price and time.
In plain English
Curved support and resistance lines drawn at Fibonacci ratios from a price swing, combining price and time.
Fibonacci arcs are drawn from a high to a low (or the reverse). Arcs are then plotted around the end point at 38.2%, 50% and 61.8% of the swing's length.
Because they curve, the levels change as time passes. They depend on chart scaling, so they look different on different screens. See Fibonacci studies.
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