Fibonacci Level Scan Examples

Following are some examples of Fibonacci Level scans with different time periods.  We have mostly presented examples showing turning points at 1.618 and 2.618 extensions, because we believe these are the most reliable Fibonacci trades.  Note that the Fibonacci levels are determined days or weeks in advance of the actual move.  The vertical dotted line shows the day of the scan, and the price curve to the right of it shows what happened on the subsequent days.