Fibonacci Retracement
Calculate key Fibonacci retracement levels for support and resistance
Uses & Examples
When to Use This Tool
- Finding potential support levels during an uptrend pullback
- Identifying resistance levels during a downtrend bounce
- Setting limit orders at high-probability reversal zones
- Confirming entries when price stalls at a Fibonacci level
Worked Example
Worked Example
Stock runs from $100 (low) to $150 (high) in an uptrend
38.2% retracement = $150 - ($50 × 0.382) = $130.90
50% retracement = $125.00
61.8% retracement = $119.10
Watch $130.90 and $125 as key buy zones on a pullback