Fibonacci Fan

Fibonacci Fan Lines are displayed by drawing a trendline between two extreme points, for example, a trough and opposing peak. Then an "invisible" vertical line is drawn through the second extreme point. Three trendlines are then drawn from the first extreme point so they pass through the invisible vertical line at the Fibonacci levels of 38.2%, 50.0%, and 61.8%..

A sample Fibonacci Fan is depicted in the following figure:

FFan.gif (7039 bytes)

Because this is an interactive drawing feature, the user normally create the Fibonacci fan by selecting the first extreme point and then dragging the mouse to the other extreme point. When the mouse is released, Chart FX FE will make all the necessary calculations and draw the Fan. Please note. it is not necessary that the user clicks on a specific data point as the Fibonacci Fan will be calculated according to the axis scale and the position the mouse was released.