Tools: Fibonacci Cycle

To draw Fibonacci or Gann Time Cycles on a chart, click the Fibonacci Cycles button. The cursor will change to a pencil while in the draw mode. Cycles indicate possible time movements from an important High or Low. A start point is necessary to draw the Cycles on a chart. Vertical time cycle lines extend from the start point, and indicate possible turning points for the current trend or correction. To draw Time Cycles on a chart move the cursor on the chart to the starting point. The starting point is generally an important High or Low on the chart. Then click the mouse to mark the point. Vertical dashed lines will mark the Time cycles. Enter the following parameters in the Properties window to display either Fibonacci or Gann time cycles.

Fibonacci Cycles
1, 2, 3, 5, 8, 13, 21, 34, 55, etc. Fibonacci cycles are calculated by adding each sum to the previous sum. Example: 1, 1+1=2, 2+1=3, 3+2=5, 5+3=8, etc.

Adjusting Time Cycles
Re-selecting the lines will activate the ability to move and adjust them to a different location. Click the mouse on the bottom of the first cycle line to activate the lines. The cursor will change to a pencil and a square bullet will appear at the bottom of the first cycle line. Drag the square bullet to a new location and the cycle lines will adjust.

Properties Window
After drawing Time Cycles on a chart, click the Chart Objects button, select Fibonacci Cycles, and then click Properties to view the properties window. The properties window can also be displayed by re-selecting the cycle lines and then right-clicking the mouse.