Fibonacci Clusters

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Dictionary Says

Definition of 'Fibonacci Clusters'

A tool used in technical analysis that combines various numbers of Fibonacci retracements, all of which are drawn from different highs and lows. Fibonacci clusters are indicators which are usually found on the side of a price chart and look like a series of horizontal bars with various degrees of shading. Each retracement level that overlaps with another makes the horizontal bar on the side darker at that price level. The most significant levels of support and resistance are found where the Fibonacci cluster is the darkest.
Investopedia Says

Investopedia explains 'Fibonacci Clusters'

This is a useful tool to gauge the relative strength of the support or resistance of various price levels in one quick glance. Traders often pay close attention to the volume around the identified levels to confirm the strength of the support/resistance.

Search results for

'Fibonacci Clusters'

  • Advanced Fibonacci Applications

    http://www.investopedia.com/articles/trading/05/AdvFibonacci.asp
    ... Fibonacci Clusters The Fibonacci cluster is a culmination of Fibonacci retracements
    from various significant highs and lows during a given time period. ...

  • Elliott Wave: The Best Of The Theory | Investopedia

    http://www.investopedia.com/university/advancedwave/elliottwave2.asp
    ... These are generated with the use of automatic Fibonacci price clusters of varying
    degree and from multiple pivots that tell the trader where the highest ...

  • Harmonic Patterns In The Currency Markets

    http://www.investopedia.com/articles/forex/11/Harmonic-Patterns-In-The-Currency-Markets.asp
    ... (Extensions, clusters, channels and more! Discover new ways to put the "golden ratio"
    to work. See Advanced Fibonacci Applications.) TUTORIAL: The Ultimate ...

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