Fibonacci Time Zones
This is a sequence of perpendicular lines. These zones aredifferentiated at the intervals of Fibonacci of 1, 2….. etc. The clarification ofthis time zone includes searching for important changes in cost near vertical lines. This time zone is used in the time projection of Fibonacci which is regarded as one of the most popularly used studies for analysis. This study is generated by the initial taking time interval on the chart of the market as time increment continuing from one hour and moves to a day. One of the useful time zones of Fibonacci ismade by selecting a base interval explained by time between two different market tops and bottoms. As far as theory is concerned, the time zones of Fibonacci are described as a pointthrough which huge events of market can be thought about, from reversing the existing trend of price to the huge change in cost in a direction of trend.
