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What Is Fibonacci Retracement?

Fibonacci retracement is a technical analysis method that uses ratios derived from the Fibonacci sequence to indicate guideline levels where a pullback or rebound in price movement might pause.

What the Indicator Shows

Fibonacci retracement divides the range between a recent high and low using Fibonacci ratios such as 23.6%, 38.2%, 50%, and 61.8%, drawing lines at those levels. It is used as a tool for considering roughly where a pullback after a rise, or a rebound after a decline, might pause.

How to Read It, and What to Watch Out For

Fibonacci retracement is only a guideline mechanically calculated from a past high and low — it does not guarantee that the price will actually bounce or reverse at the levels it indicates. It also has a subjective element, since the levels shift depending on which high and low are chosen as the basis, so it is generally used as a reference alongside other indicators.

This article is provided for general informational purposes only and does not recommend or solicit the purchase or sale of any specific investment method or security. Final investment decisions are your own responsibility.

Frequently Asked Questions

What are Fibonacci ratios?
These are ratios derived from the Fibonacci sequence, which is said to appear throughout nature and in various phenomena. Commonly used levels include 23.6%, 38.2%, 50%, and 61.8%. Some view these levels as price points the market tends to be aware of.
Can Fibonacci retracement accurately predict where the price will bounce?
It is only a guideline mechanically calculated from a past high and low — it does not guarantee that the price will actually bounce or reverse at that level.

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