Fibonacci levels are projected into the future based on those points and at this time it is impossible to say whether those levels mark peaks or valleys.

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The base interval is set by drawing a trend line between price highs or lows.

It is still advisable to wait and see if a reversal starts and then to take a position in that direction.

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**Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X axis (date axis) as a mechanism to forecast reversals based on elapsed time. A major low or high is often chosen as the starting point.**

Fibonacci time zones involve a special charting technique, which is made up of a series of vertical lines corresponding to a sequence of Fibonacci numbers. Fibonacci numbers are sequence of numbers where each successive numeral is the sum of the last two numbers in the sequence, i.e. 1, 2, 3, 5, 8, 13, 21, 34, and so on. Fibonacci Time Zones is a sequence of vertical lines having Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, etc. Significant price changes are considered to be expected near these lines. Drawing To draw this tool, one should select this object and using the mouse define two points on the chart that will set the length of the unit interval.

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**Fibonacci time zone is altogether a different kind of technical indicator. The times zones are what the name says, add Fibonacci to the name and once again those are what the name say. And what the name says is time zones based out of . Fibonacci Time Zones The graphic tool, The Fibonacci time interval, is a set of vertical lines that are drawn from each other on time intervals, which correspond to the numbers of Fibonacci's sequence.**

Fibonacci Time Zones are an analytical drawing tool represented by a series of vertical lines, which are used to indicate significant price movement near them. Dec 28, · Hello all! I was wondering if anyone had any experience trading fibonacci time zones and timing entry with support and resistance and price action.

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