Fibonacci Retracement Calculator
Calculate key Fibonacci retracement and extension levels instantly. Identify potential support and resistance zones for any asset.
Retracement Levels
| Level | Price |
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Extension Levels
| Level | Price |
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How to Use This Fibonacci Retracement Calculator
Our Fibonacci calculator is designed for speed and simplicity. Follow these three steps to identify key price levels:
- Select Trend Direction: Choose Uptrend if the price has been rising (you want to find potential pullback levels), or Downtrend if the price has been falling (you want to find potential bounce levels).
- Enter High and Low Prices: Input the highest and lowest prices of the swing move you want to analyze. These can be from any timeframe—daily, weekly, or intraday.
- Read the Results: The calculator instantly displays both retracement levels (potential support/resistance within the range) and extension levels (potential price targets beyond the range).
What is Fibonacci Retracement?
Fibonacci retracement is a popular technical analysis tool used by traders to identify potential support and resistance levels. It is based on the Fibonacci sequence—a series of numbers where each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, 21, ...).
The key Fibonacci ratios used in trading are derived from mathematical relationships within this sequence:
- 23.6% - Derived from dividing a number by the number three places to the right
- 38.2% - Derived from dividing a number by the number two places to the right
- 50.0% - Not technically a Fibonacci ratio, but widely used due to market psychology
- 61.8% - The "golden ratio," derived from dividing a number by its immediate successor
- 76.4% - Complement of 23.6%
Understanding Fibonacci Extensions
While retracement levels help identify where a pullback might end, Fibonacci extensions help project where the price might go after the pullback completes. Common extension levels include:
- 138.2% - First extension target
- 161.8% - The golden ratio extension, often a key profit target
- 200.0% - Double the original move
- 261.8% - Extended target for strong trends
Why Fibonacci Levels Matter for Traders
Self-Fulfilling Prophecy
Because so many traders watch Fibonacci levels, they often become significant support and resistance zones. When thousands of traders place orders at the same levels, those levels become meaningful.
Entry and Exit Points
Traders use retracement levels to find optimal entry points during pullbacks in a trend. Extension levels help set profit targets and manage expectations for how far a move might continue.
Risk Management
Fibonacci levels provide logical places to set stop-loss orders. If a retracement level fails to hold, it often signals that the trend may be reversing.
Frequently Asked Questions
Which Fibonacci level is most important?
The 61.8% level (golden ratio) is often considered the most significant. However, the 50% level is also widely watched due to its psychological importance. Many traders look for confluence—where multiple Fibonacci levels align with other technical indicators.
Can I use Fibonacci retracement for any market?
Yes! Fibonacci retracement works across all financial markets—stocks, forex, cryptocurrencies, commodities, and indices. The underlying principle of natural ratios applies universally to price movements.
What timeframe should I use?
Fibonacci levels work on any timeframe. Day traders might use 15-minute or hourly charts, while swing traders prefer daily or weekly charts. Higher timeframes generally produce more reliable levels due to more market participants watching them.
How do I combine Fibonacci with other indicators?
For best results, use Fibonacci levels in conjunction with other technical tools like moving averages, RSI, MACD, or candlestick patterns. When multiple indicators confirm a Fibonacci level, the probability of a reaction increases.
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