TC2000 Help SiteSoftware Help Drawing Tools & Chart NotationsHow To Place Fibonacci Drawings On The Chart

How To Place Fibonacci Drawings On The Chart

1. Fibonacci Retracements

Places horizontal lines on the chart levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels. Click and drag the cursor from a lower price point to a higher price point on the chart. This places horizontal dashed lines on the chart at the default Fibonacci levels for the price movement defined by the line. Optional: Click on the line for the drop down menu and choose Edit to change the default levels(2). Change percentages, toggle any of the levels on/off, add/color extensions(3). Click and drag line to move entire Fibonacci drawing up or down(4). Click and drag the lower arrow to create projection space at the bottom of the chart in order to see lower retracement lines(5)

2. Fibonacci projections

Places horizontal lines on the chart levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels. Also places dashed line with which to define the  price retracement from which the Projections are to be calculated. Click and drag the cursor from a lower price point to a higher price point on the chart(1). This places horizontal dashed lines on the chart at the default Fibonacci levels for the price movement defined by the line. Click and drag the Projection too to the retracement level desired(2). Optional: Click on the line for the drop down menu and choose Edit to change the default levels(3). Change percentages, toggle any of the levels on/off, etc.(4). Click and drag line to move entire Fibonacci drawing up or down(5). Click and drag the upper arrow to create projection space at the top of the chart in order to see upper projection lines(6)

3. Fibonacci arc

Places three semi-circular arcs on the chart to anticipate levels and ranges of key support and resistance. Click and drag the cursor from a lower price point to a higher price point on the chart(1). This places a dashed line and three arcs on the chart at the default Fibonacci levels for the price movement defined by the line. Optional: Click on the line for the drop down menu and choose Edit to change the default levels(2). Change percentages, toggle any of the levels on/off, etc.(3). Click and drag line to move entire Fibonacci drawing up or down(4). Click and drag the side arrow to create projection space at the end of the chart in order to see upper projection lines(5)

4. Fibonacci fan

Places three diagonal lines on the chart based on Fibonacci ratios to indicate key levels of support and resistance. Click and drag the cursor from a lower price point to a higher price point on the chart(1). This places a dashed line and three solid lines on the chart at the default Fibonacci levels for the price movement defined by the line. Optional: Click on the line for the drop down menu and choose Edit to change the default levels(2). Change percentages, toggle any of the levels on/off, etc.(3). Click and drag line to move entire Fibonacci drawing up or down(4). Click and drag the side and bottom arrows to create projection space at the end of the chart in order to see upper projection lines(5)

5. Fibonacci timeline

Places multiple vertical lines on the chart based on a sequence of Fibonacci numbers to identify periods of time when the price of the stock can move significantly. Click and drag the cursor from a lower price point to a higher price point on the chart(1). This places a solid line and multiple vertical dashed lines on the chart at the default Fibonacci levels for the price movement defined by the line. Optional: Click on the line for the drop down menu and choose Edit(2). Change colors, add extensions, etc.(3). Click and drag line to move entire Fibonacci drawing horizontally in time(4). Click and drag the bottom arrow to create projection space at the end of the chart in order to see time projection lines in the future(5)