Want to make better trading decisions? The Fibonacci Calculator is a must-have tool for analyzing potential market retracement and extension levels.
Whether you’re trading Forex, stocks, or cryptocurrencies, this calculator helps you identify key price levels based on Fibonacci ratios, which traders often use to set entry and exit points. A simple, intuitive tool that helps you apply mathematical precision to your trading strategies.
Step-by-Step Guide to Using the Fibonacci Calculator:
- Choose the Trend Direction: Select either "Up" or "Down" to match the market trend you're analyzing.
- Enter the Low Price: Input the lowest price point during the selected trend.
- Enter the High Price: Provide the highest price point for the trend.
- For Projections: (Optional) Input an end price if you're calculating extensions.
- Click "Calculate": The tool will display Fibonacci levels for retracements or extensions based on the entered data.
You might also want to check out What is Forex and How to Trade it - Best Beginner's Guide article to learn more about trading and become a successful trader.