For a uptrend, or bullish market, the equations to work out Fibonacci retracement and expansion levels are:
For a downtrend, or bearish market, the equations to work out Fibonacci retracement and expansion levels are:
TREND DIRECTION : | |
---|---|
HIGH (b) : | |
LOW (a) : | |
CUSTOM (c) : | |
Fibonacci Retracements | Price |
---|---|
0% | |
23.60% | |
38.20% | |
50.00% | |
61.80% | |
76.40% | |
100.0% | |
138.2% |
Fibonacci Extensions | Price |
---|---|
23.60% | |
38.20% | |
50.00% | |
61.80% | |
100.0% | |
138.2% | |
161.8% | |
176.4% |
Fibonacci Retracements | Price |
---|---|
100.0% | |
76.40% | |
50.00% | |
61.80% | |
38.20% | |
23.60% | |
0% |
Fibonacci Extensions | Price |
---|---|
161.8% | |
138.2% | |
100.0% | |
61.80% | |
50.00% | |
38.20% | |
23.60% |