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Fibonacci Fan drawing


jfritchey
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Getting the Fib Fan drawn at the same starting point as a trend line can be tedious at best. The trend line needs to be moved, the Fib Fan drawn and the trend line moved back over top of the Fib Fan.  It was so easy in QT to right click anywhere on the trend line, select Fib fans and QT drew it perfectly without any need for manipulation.

 

Please consider for the future.

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I draw the trend line first on a historical chart and use the selected indicators before making a buy decision.  After I make the decision to buy the stock, I draw the FIB Fans to  determine a buy point.  I also draw a trend line when news or earnings occur after hours and then draw the Fib Fan to try and figure where the stock will open or how high it will go that day.  In the final review I always do draw the trend line first.

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