Fibonacci Retracement Calculator
Fibonacci Retracement Calculator
Calculate key support and resistance retracement levels.
Retracement Levels
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Fibonacci Horizontal Support/Resistance Levels
Generates Fibonacci retracement levels (23.6%, 38.2%, 50.0%, 61.8%, 78.6%) indicating potential trend reversals.
Worked Example: Upward swing (Swing Low ₹100, Swing High ₹200)
Fibonacci Levels: Finding support and resistance in price trends
Meera watched a stock rally from a swing low of ₹100 to a swing high of ₹200. She wanted to buy the dip but didn't know where the price correction would find support.
Using Fibonacci retracement levels, she identified the 61.8% Golden Ratio level at ₹138.20. She placed a buy limit order near this support, capturing the dip before the rally resumed.
Fibonacci retracements use mathematical ratios to generate horizontal support and resistance lines in stock charts.
Always combine Fibonacci levels with other technical indicators like moving averages or candlestick patterns to confirm reversals.
Frequently Asked Questions
What are Fibonacci retracements?
They are horizontal lines that indicate where support and resistance are likely to occur, based on Fibonacci sequence percentages (23.6%, 38.2%, 61.8%).
Which Fibonacci level is the most important?
The 61.8% level is often called the 'Golden Ratio' and is considered the most critical support level during a strong trend pullback.
How do I draw Fibonacci levels?
In an uptrend, draw from the lowest swing low to the highest swing high. In a downtrend, draw from the swing high down to the swing low.
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