Fibonacci Clusters


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.

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.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Penrose tiling — A Penrose tiling is a nonperiodic tiling generated by an aperiodic set of prototiles named after Roger Penrose, who investigated these sets in the 1970s.Because all tilings obtained with the Penrose tiles are non periodic, Penrose tilings are… …   Wikipedia

  • Hypercube (Graphe) — Pour les articles homonymes, voir Hypercube (homonymie).   Cette page se comprend mieux après la lecture de Théorie des graphes. Hypercube …   Wikipédia en Français

  • Hypercube (graphe) — Pour les articles homonymes, voir Hypercube (homonymie).   Cette page se comprend mieux après la lecture de Théorie des graphes. Hypercube …   Wikipédia en Français

  • Parallel computing — Programming paradigms Agent oriented Automata based Component based Flow based Pipelined Concatenative Concurrent computing …   Wikipedia

  • Achillea ptarmica — Taxobox name = Sneezewort image width = 240px regnum = Plantae divisio = Magnoliophyta classis = Magnoliopsida ordo = Asterales familia = Asteraceae genus = Achillea species = A. ptarmica binomial = Achillea ptarmica binomial authority = L.… …   Wikipedia

  • Haskell (programming language) — Haskell Paradigm(s) functional, lazy/non strict, modular Appeared in 1990 Designed by Simon Peyton Jones, Lennart Aug …   Wikipedia

  • Middle Ages — For other uses, see Middle Ages (disambiguation). Medieval and Mediaeval redirect here. For other uses, see Medieval (disambiguation) …   Wikipedia

  • Pine — This article is about the tree. For other uses of the term pine , see Pine (disambiguation). Pine Japanese Red Pine (Pinus densiflora), North Korea Sc …   Wikipedia

  • Conifer cone — Mature female Lodgepole Pine cone An Aleppo Pine cone ( …   Wikipedia

  • Anexo:Episodios de Numb3rs — La siguiente es una lista de episodios de la serie norteamericana NUMB3RS. Contenido 1 Estrenos y Lanzamientos en DVD 2 Primera temporada (2005) 3 Segunda temporada (2005 2006) …   Wikipedia Español


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.