Fibonacci Arc

Like Fibonacci Retracement Fibonacci arc does same work. Fibonacci Arc also uses to determine the possible support & resistance level. When market is in trend Fibonacci Arc can give better result for measuring possible support & resistance level. When market goes up an investor can stay up to his Fibonacci Arc level and when market goes down an investor can stay up to his Fibonacci Arc level. Like Fibonacci Retracement, at first need to find out the Swing High and Swing Low point for calculating Fibonacci Arc. Look at the chart there are two points are available. One is swing high and another is swing low. Now a Fibonacci Arc can be drawn from swing low to swing high. See there are some possible level of support and resistance like 38.2%, 50.0%, 61.8% . So if the stock price goes down then these levels will work as a possible support and if the price goes up then these level will work as a possible resistance level. - See more at: http://stocks-basics.blogspot.com/2016/11/fibonacci-arc.html#sthash.uniEamdu.dpuf