Fibonacci Time Zones

Definition

Method used to predict trend changes or price reversals in technical analysis. On a price chart, lines are drawn at given price points that correspond to the Fibonacci sequence of numbers in a specific range of time. The first line is usually drawn where a major price move transpires. The reason behind using Fibonacci Time Zones is the belief that large market events occur at the same points as where the lines are drawn. Also known as Fibonacci Time Series.
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Fibonacci retracement FIBV