Charting Tools - Trend Fan

To draw a Trend Fan:
  1. Select the Trend Fan Tool.
  2. Left click where you want the Fan to start.
  3. Move the mouse pointer to where the first line is to end and left click to place.
  4. Repeat Step 3 until you get to the last line.  
  5. To place the last trend, move the mouse pointer to the ending point and right click to place.

Resizing the Trend Fan:
  1. Select the Trend Fan by clicking on it. 
    Note:  The formation is selected when boxes appear on the corners of the drawing.
  2. Click on one of the boxes to drag the selected point and release the mouse button to place.

Moving the Trend Fan:

Select the Trend Fan by clicking on it.  Then, drag to the new location and release the mouse button.

Deleting the Trend Fan:

Select the drawing by clicking on it then,  press the delete key on your keyboard to remove the Trend Fan.

 

Trend Fans:

Trend fans can signal a reversal of a trend.  The breaking of the third trend line signals that a trend has reversed.  Also note that the broken trend line 3 and 2 often become resistance lines.