Key Takeaway
Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%) are technical support/resistance zones derived from the Fibonacci sequence. The 61.8% level is considered the most significant reversal point.
Fibonacci Retracement Calculator
Calculate key support and resistance retracement levels.
Retracement Levels
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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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