Fibonacci Arcs - Useful?

Fibonacci arcs are similar to the other studies in the Fibonacci family but are probably some of the least used. There is an important reason for this and in almost all market conditions Fibonacci arcs are not a suitable tool. This article was written to explain what the issue is and why they should be avoided. Fibonacci arcs look like they should work well and in some of the same ways that Fibonacci retracements and fan lines work. They promise two undelivered additional benefits. - Arcs work well during a market pullback but unlike Fibonacci retracements, they seem to help forecast timing as well as support and resistance. - Price will often “follow” the arc as it bounces and therefore it keeps the relevant support or resistance level in sight. Click here to see the rest of the article and a video: [url]http://www.pfxglobal.com/video-archives/video-03-03-fibonacci-arcs-useful.html[/url]