Fibonacci Retracement Calculator
Calculate Fibonacci retracement and extension levels for technical analysis
Calculate Fibonacci Levels
Select the overall trend direction of the asset
Choose between retracement or extension calculations
The highest price point in the price range
The lowest price point in the price range
Price Range Analysis
High Price
$100.00
Low Price
$50.00
Price Difference
$50.00
Range %
100.0%
Fibonacci Retracement Levels
| Level | Percentage | Price | Description |
|---|---|---|---|
| 0.000 | 0.0% | $100.00 | 0.0% retracement from high |
| 0.236 | 23.6% | $88.20 | 23.6% retracement from high |
| 0.382 | 38.2% | $80.90 | 38.2% retracement from high |
| 0.500 | 50.0% | $75.00 | 50.0% retracement from high |
| 0.618 | 61.8% | $69.10 | 61.8% retracement from high |
| 0.764 | 76.4% | $61.80 | 76.4% retracement from high |
| 1.000 | 100.0% | $50.00 | 100.0% retracement from high |
| 1.382 | 138.2% | $30.90 | 138.2% retracement from high |
| 1.618 | 161.8% | $19.10 | 161.8% retracement from high |
Key Trading Levels
Uptrend Retracement Strategy
Look for buying opportunities at retracement levels during pullbacks
Example Calculation
Stock Price Example
Scenario: A stock rises from $50 to $100 (uptrend)
High Price: $100
Low Price: $50
Price Difference: $100 - $50 = $50
Key Retracement Levels
23.6% Retracement: $100 - ($50 × 0.236) = $88.20
38.2% Retracement: $100 - ($50 × 0.382) = $80.90
50.0% Retracement: $100 - ($50 × 0.500) = $75.00
61.8% Retracement: $100 - ($50 × 0.618) = $69.10 (Golden Ratio)
76.4% Retracement: $100 - ($50 × 0.764) = $61.80
Fibonacci Levels
Golden Ratio (φ)
The golden ratio appears throughout nature and art. In trading, 61.8% (1/φ) is considered the most significant Fibonacci level.
Many traders pay special attention to the 61.8% retracement level as it often acts as strong support or resistance.
Trading Tips
Confluence
Look for Fibonacci levels that align with other technical indicators
Risk Management
Always use stop losses and proper position sizing
Multiple Timeframes
Check Fibonacci levels on different timeframes for better accuracy
Volume Confirmation
Look for volume spikes at key Fibonacci levels
Understanding Fibonacci Retracement
What are Fibonacci Numbers?
The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377...
The Golden Ratio
When you divide any Fibonacci number by the previous number, you get approximately 1.618 (the golden ratio φ). The inverse, 0.618 (61.8%), is the most important Fibonacci retracement level.
Market Psychology
Fibonacci levels work in financial markets partly due to self-fulfilling prophecy - since many traders watch these levels, they become significant support and resistance points.
Calculation Formulas
Uptrend Formulas
Retracement: High - ((High - Low) × %)
Extension: High + ((High - Low) × %)
Downtrend Formulas
Retracement: Low + ((High - Low) × %)
Extension: Low - ((High - Low) × %)
Key Levels
- 23.6% & 38.2%: Shallow retracements, strong trend
- 50%: Not a Fibonacci number, but psychologically important
- 61.8%: Golden ratio, most significant level
- 76.4% & 100%: Deep retracements, potential trend change
How to Use Fibonacci Levels in Trading
Retracement Strategy
- • Identify a strong trend (up or down)
- • Wait for a pullback/correction
- • Look for bounces at Fibonacci levels
- • Enter in the direction of the main trend
- • Set stop loss below/above the next Fibonacci level
Extension Strategy
- • Use extensions to identify profit targets
- • 61.8% and 100% are common first targets
- • 161.8% extension is the golden ratio target
- • Take partial profits at each extension level
- • Trail stop losses as price advances
Important Disclaimer
Fibonacci levels are not guaranteed to work and should be used in conjunction with other technical analysis tools. Always implement proper risk management and never risk more than you can afford to lose. Past performance does not guarantee future results.