Fibonacci Retracement Calculator

Find Extension and Retracement Levels for Your Trading

Fibonacci retracement and extension levels are commonly used in forex and stock trading to find support and resistance levels. Traders often use Fibonacci retracements to identify pullbacks in a trend, typically at specific percentages, which are 38.2%, 50%, and 61.8%. These levels can indicate possible trade entry levels or the price level where price may stall before continuing with its new trend. Fibonacci extensions, on the other hand, are used to identify potential price targets when a trend continues beyond a previous high or low (e.g. 127.2% and 161.8% extensions indicated potential points of price exhaustion). Understanding these levels allow traders to enter, exit or take profit in a trending market with more accuracy.

As always there are risks and position size to take into account when you are trading, to use such a strategy correctly and safely. Also consider how your trading account could grow with a copounding strategy, use our forex compounding calculator and see whether fibonacci retracement levels can help you build a profitable account.