Fibonacci Calculator Pro

The Fibonacci Calculator will calculate Fibonacci retracements and expansions based on two values (high and low). The available Fibonacci retracements include: 23.6%, 38.2%, 50%, 61.8%, 76.4%, 100%, 138.2%. Additionally, the following expansions are available: 261.8%, 200%, 161.8%, 138.2%, 100%, 61.8%.

Key Features:

- Calculate using the high and low of the asset;
- Fibonacci Sequence;
- Fibonacci Calculator;
- Fibonacci retracements: 23.6%, 38.2%, 50%, 61.8%, 76.4%, 100%, 138.2%;
- Fibonacci expansions: 261.8%, 200%, 161.8%, 138.2%, 100%, 61.8%.
- Calculate Uptrend;
- Calculate Downtrend;
- Support and Resistance;
- Copy and paste prices.

What is the Fibonacci Sequence?

The Fibonacci sequence is an infinite mathematical series where each number is the sum of the two preceding ones, starting with 0 and 1. Formally, the sequence begins with 0, 1, and then the next numbers are 1, 2, 3, 5, 8, 13, and so on. In addition to its fascinating mathematical properties, the Fibonacci sequence is often observed in nature, in phenomena such as the arrangement of petals in flowers and the structure of shells and galaxies, adding an aesthetic and intriguing element to its mathematical significance.

The Fibonacci tool is used in various assets and financial markets for technical analysis. In addition to cryptocurrencies like Bitcoin and traditional currencies like the dollar, it is applied to stock indices such as the S&P 500 and NASDAQ. Futures contracts, such as Winfut and Mini Index, often employ the Fibonacci sequence to identify support and resistance levels.

In the commodities market, such as gold and oil, Fibonacci also plays a crucial role. Its versatility allows traders to gain valuable insights into a wide range of assets, facilitating informed decision-making.

How to apply Fibonacci retracement in an uptrend?

By using the minimum value as the starting point and the maximum as the endpoint, the calculated retracements will act as support levels, while the extensions will act as resistance levels.

How to apply Fibonacci retracement in a downtrend?

Reversing the approach, with the maximum as the starting point and the minimum as the endpoint, the calculated retracements will act as resistance levels, while the extensions will act as support levels.

In Day Trading, are Fibonacci retracements effective?

This tool can be applied in any trading period and st