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Comparing Fibonacci Fan Lines to Fib Retracements Rate this Topic:
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MarketReader
Posted : Wednesday, December 20, 2006 7:25:09 PM
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Joined: 10/7/2004
Posts: 40
I drew a vertical line from the peak of a curve down to the start price. I used the drawing tools to make a Fib Retracement from start point to peak and noticed where the Retracement lines crossed the vertical line. I then made a Fib Fan lines and noticed that only 3 out of the 5 fan lines intercepted the Retracement lines on the vertical line. Shouldn't both sets of lines intercept the vertical line at the same points?
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