Description
Fibonacci Time Targets (or Fibonacci Time Zones) are a series of vertical lines. They are spaced at the Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, etc. A major low or high is often chosen as the starting point. The interpretation of Fibonacci Time Targets involves looking for significant changes in price near the vertical lines.
![Chart 1: Fibonacci Time Zones Chart 1: Fibonacci Time Zones](/bin-public/600_Fidelity_Com_English/images/migration/article/content_15-lc/FIBTimeZones1_602x345.png)
How this indicator works
Anticipate changes in price near the Fibonacci Time Zones.
![Chart 2: Fibonacci Time Zones Chart 2: Fibonacci Time Zones](/bin-public/600_Fidelity_Com_English/images/migration/article/content_15-lc/FIBTimeZones2_602x345.png)
Calculation
Vertical lines are drawn at Fibonacci intervals starting from the bar selected with the drawing tool.