Enter the high and low of a price swing to get the key Fibonacci retracement levels and extension targets instantly, for any instrument on any timeframe.
Works with any broker and platform, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, NinjaTrader, TradingView, DXtrade and Match-Trader.
Traders use Fibonacci retracements to find likely areas where a pullback may end and the trend may resume. The most watched levels are 38.2 percent, 50 percent and 61.8 percent. Extensions such as 127.2 percent and 161.8 percent are used to project profit targets beyond the original swing.
Take the range between the swing high and swing low, then multiply by each ratio. In an uptrend the retracement is measured down from the high; in a downtrend it is measured up from the low. Fibonacci works best combined with market structure and confirmation, not on its own.
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Start free trialThe key retracement levels are 23.6, 38.2, 50, 61.8 and 78.6 percent. The 61.8 percent level, known as the golden ratio, is the most closely watched, along with 38.2 and 50 percent.
Identify a clear swing high and swing low. In an uptrend, measure from the low to the high; in a downtrend, from the high to the low. The levels then mark potential support or resistance for a pullback.
Extensions such as 127.2 and 161.8 percent project targets beyond the original move, so traders use them to set take-profit levels when a trend continues past the prior swing.
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