In the spread betting example below you can see how the Fibonacci levels are used in a form of Fibonacci Arcs. As you can see the Arcs are the projection of the Fibonacci levels: 38.2% 50% and 61.8%
In the spread betting strategy below the 38.2% retracement and the 61.8% retracement proved to be strong support and resistance areas in King fisher.
The Fibonacci Arcs are applied in the same way the Fibonacci retracements are applied. Draw the line from the highest to the lowest point then the projections will show the retracement points. These arcs can be applied also to spread betting stocks, Indices, commodities and bonds.
Spread betting example of the Fibonacci Arcs applied to King fisher stock
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