Fibonacci Retracement Calculator
Calculate key Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) from a swing high and swing low to identify potential support and resistance zones.
FAQ
How are Fibonacci retracement levels calculated?›
Fibonacci retracement levels are calculated by taking the difference between a swing high and swing low, then multiplying that range by each Fibonacci ratio (23.6%, 38.2%, 50%, 61.8%, 78.6%) and subtracting (uptrend) or adding (downtrend) from the high or low.
Which Fibonacci level is most significant for trading?›
The 61.8% level (the golden ratio) is widely considered the most significant retracement level. Price often finds strong support or resistance at this level, making it a key area to watch for potential reversals.