Calculate Fibonacci retracement and extension levels for price action analysis.
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Fibonacci Retracement Levels
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Pro Tip: Consistent use of this tool is one of the most important aspects of successful trading.
Fibonacci levels are horizontal lines based on the Fibonacci sequence ratios (23.6%, 38.2%, 50%, 61.8%, 78.6%). Traders use these to identify potential support and resistance levels.
Fibonacci Retracements help predict where price might pull back during a trend. The 61.8% level (the 'golden ratio') is the most watched retracement level.
Fibonacci Extensions project where price might go beyond the original move. The 161.8% and 261.8% levels are popular profit-taking targets.
Pivot Points
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Position Size
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Risk/Reward
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Drawdown
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Risk of Ruin
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Pip Value
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The 61.8% retracement (golden ratio) is considered the most significant. Many traders also watch 38.2% and 50% levels. In extensions, 161.8% is the most popular target.
No. Fibonacci levels are self-fulfilling to some extent — they work because many traders watch them. Always combine Fib levels with other analysis like support/resistance, candlestick patterns, and volume.
For an uptrend, draw from the swing low to the swing high. For a downtrend, draw from the swing high to the swing low. Use significant swing points, not minor fluctuations.