Take a look at how well the fan lines up with the candles. I cant believe how well this tool works. I put arrows on a lot of the areas that acted as support/resistance so you can clearly see this Fib speed resistance fan is useful. The way you place one on the chart is very similar to a typical fibonacci. (I put fingers pointing at the 2 points I used when I drew it) There are numerous ways to place one on a chart but I think this particular placement gave me the best results. I have to say this is one of my favorite tools now. If you have any questions drop them in the comments.