EURUSD 1.1689 USDJPY 111.46 USDCAD 1.2494 EURCZK 26.029 USDCZK 22.262 EURPLN 4.2517 USDPLN 3.6372
EURUSD 1.1689 USDJPY 111.46 USDCAD 1.2494 EURCZK 26.029 USDCZK 22.262 EURPLN 4.2517 USDPLN 3.6372

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Fibonacci Time zones is a tool that is focused on the time aspect of market action, rather than the sole price dynamics

Rule of thumb

The efficiency of the Fibonacci  Time zones tool on the given market can be verified using charts that display historical data

The Fibonacci Time zones analysis is aimed at the identification of future moments of time, when significant changes  to prices may be observed.

 

This method is based on the Fibonacci sequence, where each vertical line (periods) correspond to a number of  Fibonacci's sequence - 1, 2, 3, 5, 8, 13, ... . The starting two points of  Fibonacci’s Time zones should be places on the historical chart, where important market movements were seen - significant local minima or maxima.

 

Fibonacci Time zones, golden ratio

 

Once set, each of the vertical lines that follow is supposed to identify the moments on the chart when potentially significant price movements and/or trend reversals may take place.

 

You can also refer to the general introduction to the Fibonacci theory.

 

How to use it with MetaTrader 5:

  • Look for a pair of significant market  extremes – minimum, maximum or both.
  • From the MetaTrader 5 menu choose “Insert”/”Objects”/”Fibonacci” and then “Fibonacci Time zones”.
  • Using the left mouse button place the first two horizontal lines of the tool on the  extremes identified earlier.
  • Alternatively one can locate the first line on the first market  extreme,  and drag the mouse pointer to the right until the  time zones match  other significant price movements. The  Time zones will be created automatically by MetaTrader 5

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