Fibonacci Retracement Calculator
Fibonacci Retracement FAQ
What is Fibonacci retracement used for?
It’s used in technical analysis to identify potential support and resistance levels where prices may reverse.
Which Fibonacci levels are most important?
The most commonly watched levels are 38.2%, 50%, and 61.8%, though traders often include 23.6% and 78.6%.
Does Fibonacci work in crypto and forex?
Yes, Fibonacci retracement is widely used in both crypto and forex trading as price movements often respect these ratios.
Is Fibonacci retracement accurate?
It’s not 100% accurate but is a useful tool when combined with other indicators like RSI, MACD, or moving averages.
How do I use Fibonacci retracement?
Plot the retracement from a swing high to a swing low (or vice versa). Use the levels to anticipate possible price reversals or targets.
Who discovered Fibonacci?
The tool is based on ratios derived from the Fibonacci sequence, discovered by Italian mathematician Leonardo Fibonacci.
What is Fibonacci Retracement?
Fibonacci retracement is a popular tool used in technical analysis to identify potential support and resistance levels in financial markets like crypto, forex, and stocks. Traders use Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, 78.6%) to forecast where the price might reverse or consolidate after a major move.
By entering the swing high and swing low prices, this calculator automatically generates Fibonacci retracement levels. These levels help traders spot possible entry, exit, and stop-loss points. Fibonacci is widely used in combination with other indicators like moving averages or RSI for confirmation.
This calculator works instantly in your browser, with no data sent to any server — 100% private and client-side.