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Random article: Fibonacci fan
This instrument is so astonishing that it can be called a road map of price. As the most part of indicators, Fibonacci fan shows key levels, which can perform as support or resistance levels on the basis of Fibonacci prices, in other words, the very point, where price can stop and get possible correction. Like Fibonacci levels, Fibonacci fan allows to define support and resistance levels. More often significant fall-down or growth make the price return to the previous levels. Over the correction, the price meets resistance and support on the levels where Fi fan is located or nearby. In case the price breaks through support level, it moves to the level of resistance.
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Popular article: Square 4 (box)
Putting price and time zones on chart under W.D. Gann method is called “squaring”. The box can be built through squaring of both price and time. The best performing square is the square built according to Gann's arithmetic patterns. As per Gann methodology, box is a pattern chart. Those charts are called pattern charts, because for building them Gann takes a certain size along X and Y, size of charts is closely connected with Gann cycles. The most popular pattern charts are “Square 4”, “Square 144” and “Square 360” a full cycle. The number in name of chart means the number of periods as per price and time. There are a few ways of building those charts.
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