Fibonacci Retracement & Extension Calculator
Calculated Fibonacci Levels
Retracement Levels
Extension Levels (Potential Profit Targets)
Understanding Fibonacci Levels in Trading:
- Fibonacci Retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) are used to identify potential **support** (in an uptrend) or **resistance** (in a downtrend) areas where a price pullback might end before continuing the original trend.
- Fibonacci Extension levels (127.2%, 161.8%, 261.8%) are used to project potential **profit targets** beyond the initial price swing.
- The **50%** level is a psychological midpoint and often acts as a significant support/resistance, even though it's not a direct Fibonacci ratio.
- The **61.8%** (Golden Ratio) is considered a particularly strong level for reversals.
- Always use Fibonacci levels in conjunction with other technical analysis tools and indicators for better confirmation.
Swing High: $${high} • Swing Low: $${low} • Trend Direction: ${trend}
Retracement Levels
${retracementHtml}Extension Levels (Potential Profit Targets)
${extensionHtml}Understanding Fibonacci Levels in Trading:
- Fibonacci Retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) are used to identify potential support (in an uptrend) or resistance (in a downtrend) areas where a price pullback might end before continuing the original trend.
- Fibonacci Extension levels (127.2%, 161.8%, 261.8%) are used to project potential profit targets beyond the initial price swing.
- The 50% level is a psychological midpoint and often acts as a significant support/resistance, even though it's not a direct Fibonacci ratio.
- The 61.8% (Golden Ratio) is considered a particularly strong level for reversals.
- Always use Fibonacci levels in conjunction with other technical analysis tools and indicators for better confirmation.