Fibonacci Fans
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Fibonacci Fans are similar to Gann Fans and Speed Resistance Lines except that they use Fibonacci Levels to create the fan lines. To create a Fibonacci Fan draw a line (left to right) between a significant low and high (or high and low). The fan lines will then be drawn so that they meet a vertical line drawn at the second point you chose at the Fibonacci Levels you specified.

As with the other fans, the fan lines provide support or resistance and after a breach of one line, you should look for support or resistance at the next one. See Disclaimer.

To draw a Fibonacci Fan, press the btnretrace button, or choose Fibonacci Retracements from the menu. Choose the options you prefer (Fibonacci Fan must be enabled). Then draw as you would for a Retracement.