Com how to use fibonacci menu item to make time retracement and time parallel projections.
the fibonacci projection tool plots percentage retracement lines based upon the mathematical relationship within the fibonacci sequence series.
using the fibonacci projection tool a standard addition to most chart packages, we see a possible 11, a-b-c projection to the 141. Counter trend moves (a-b-c), typically have equal a and c waves.
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investment analysts sometimes use fib projections, or fibonacci projections, to estimate where a current move in a financial instruments price might end. 8 percent market prices frequently pull back by those percentages, and the particular percentage that is achieved is predictive of what the stock will do next.
Fibonacci projections are similar to fibonacci retracements and extensions in that they use the fibonacci ratios to calculate support and resistance levels. Where projections differ from the other two is that they account for a current price swing in relation to a previous price swing in its calculation.
basically, to generate the fibonacci sequence, you can follow these steps (1) start with a pair of immature rabbits, one male and one female. (3) then you wait one month for them to have a pair of babies one girl and one boy.