Apply Fibonacci Trend Lines

The Fibonacci trendlines may be used to help determine price support/resistance at or near certain levels. The TWS Fibonacci lines occur at 0.0%, 23.6%, 38.2%, 50.0%, 61.8%, 76.4% and 100.0%. Retracements occurring at these points within a trend could be used to help determine entry and exit points for a contract.

To add Fibonacci lines to a chart

1. Create a realtime interactive chart.

2. In the trendlines section of the Charts toolbar, click the Add Fibonacci Line icon.

3. Click your mouse at a peak or low point in the chart and pull to down/up and to the right across the chart.

4. TWS draws a series of 7 colored trendlines at 0.0%, 23.6%, 38.2%, 50.0%, 61.8%, 76.4% and 100.0%.

To delete a Fibonacci series of trendlines

1. Click the Remove All Trendlines icon, located three icons to the right from the Add Fibonacci Line icon.

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