Fibonacci Arcs
Thisis made by the initial drawing an invisible trend line between the two points and by making three curves that intersects this trend line at the important Fibonacci level of 50%, 61.8% and 38.2%. The transaction decisions are created when the cost of a valuable crosses through these important levels. These are thepopularFibonacci studiesfor examining the markets in accordance with resistance and support levels. It is used for drawing round arcs that are possible values of supportdepending on the range of market.