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USING THE FIBONACCI DRAWING TOOLS
There are four different Fibonacci drawing tools that you can use to try to detect more complex patterns.
FIBONACCI ARC
FIBONACCI RETRACEMENT
You can use this to forecast support and
resistance levels. To draw the arc, click where
you want the centre of your arc to be and drag
to size the arcs.
When a severe drop or rise occurs, you can use
a Fibonacci retracement to forecast where stops
or losses may be placed. To draw this, click and
drag a line between the high and the low.
FIBONACCI TIME RETRACEMENTS
FIBONACCI FAN
You can use this to forecast possible times
when the market may experience a significant
amount of movement. To draw this, click and
drag to create a line.
You can use this to forecast support levels or a
possible descending trend. To draw this, click
and drag to create a line between the high and
the low.
IronFX Multi-Asset Trader User Manual
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