Fibonacci Time zones are vertical lines that devide a chart into a number of time areas at the fibonacci intervals of 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, etc. Two major low and high points are usually selected as the starting point. Using Fibonacci time zones, it can help look for significant changes in price near the vertical lines.
Fibonacci time prediction day refers to the day when the price event should occur. However, cases where a major price event occurs before or after the time predicted by the Fibonacci time forecast account for approximately 30%.Therefore, in trading, traders should combine Fibonacci time estimation with other technical analysis tools and as a trading guideline, not as a reliable method for determining the future
Fibonacci time estimation should only be used in conjunction with other technical analysis tools and use them as a trading guideline, instead of a reliable method for determining the future.