Fibonacci Calculator

What are Fibonacci retracements?

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on the Fibonacci sequence and are placed at 23.6%, 38.2%, 50%, 61.8%, and 78.6% of a price swing.

Key levels

The 61.8% level (the "golden ratio") is the most important. Price often bounces at this level. The 50% level is also widely watched. Axion Algo's reversal detection naturally identifies these zones.

How to use them

In an uptrend, draw from swing low to swing high. The retracement levels show where price might pull back before continuing up. In a downtrend, reverse the direction.