Fibonacci
Fibonacci Fan
QUICK DEFINITION
Fibonacci Fan in Elliott Wave Theory: A set of trendlines drawn from a single point through Fibonacci retracement levels of a measured move. Fans help identify dynamic support and resistance as price moves over time.
What Fibonacci Fan Means
A set of trendlines drawn from a single point through Fibonacci retracement levels of a measured move. Fans help identify dynamic support and resistance as price moves over time.
Where You'll See It
Fibonacci Fan appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the fibonacci family of Elliott Wave concepts and shows up most often when analysts are projecting price targets or measuring retracements from the prior swing.
LEARN MORE
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments