The Fibonacci calculator will
generate four basic Fibonacci retracement values - 23.8%, 38.2%, 50% and 61.8%.
The idea behind retracement levels is that these are the
support and resistance values for a stock trend at which the most
important breaks or bounces can appear. You can set your stop-loss,
take-profit as well as stop and limit orders at these levels or around their
values.
A 38.2% retracement normally means that the prior trend will continue,
and are treated as pullbacks in an uptrend.
A 61.8% retracement implies a new trend is establishing itself.
A 50% retracement implies indecision.
Please enter the previous day's highest and lowest values for any stock
press the 'Calculate' button: