Market analysis
Retracement and extension levels from a swing you define.
Retracement and extension levels from a swing you define. The page states the equation, the units it expects and the rounding it applies, so the result can be reproduced by hand.
A calculator gives you a number. This one feeds the next: account to risk, risk to position size, position size to the trade, and the trade to expectancy, drawdown and risk of ruin.
See the performance tools →The 50% level is not a Fibonacci ratio at all — it is the midpoint, included by convention. 0.786 is the square root of 0.618.
An up move from 1.1580 to 1.1820, so a range of 0.0240:
61.8% and 50% are the most widely watched. Whether that makes them useful is a question about crowd behaviour rather than about the numbers.
No. It is the midpoint of the range, included by convention because it is watched, not because it derives from the sequence.
That is the method's weakness rather than a question with an answer. Different swings give different levels on the same chart, so state the swing you used or the levels are not reproducible.
A calculator answers one question and raises the next. These are the ones this figure feeds into.
Classic, Fibonacci, Camarilla and Woodie pivots from one session.
Average true range, for stops and targets that scale with volatility.
Compare reward with risk, and read off the win rate that ratio needs to break even.
Fibonacci Calculator · rounding shown to the precision displayed