Utilize our free Fibonacci Retracement Calculator to instantly determine crucial support and resistance levels for your trading analysis. Simply input your high and low prices along with the trend direction to identify potential reversal points and enhance your trading strategy.
Formula:
Fibonacci Retracement Formula
Fibonacci Retracement levels are calculated by taking the difference between a high and a low price point and then applying specific percentages (23.6%, 38.2%, 50%, 61.8%, 78.6%) to that difference, adjusted for the trend direction.
- ΔP = Price Difference (High Price - Low Price)
- Uptrend Retracement Level = High Price - (ΔP × Percentage)
- Downtrend Retracement Level = Low Price + (ΔP × Percentage)
Where 'Percentage' corresponds to 0.236, 0.382, 0.50, 0.618, and 0.786.