RBCLPO 12300 88 MLBS 1532.3 -86.7 MKHC 339 -1 BHDC 583 5.4 PBD84 1065 1.7 SIFC 628 10 ADBL 367 -11.1 SMH 1064.8 5.9 USHEC 523 -7 MBL 255 -4 SIGS3 9.45 0.09 KBL 234 -6.9 NICD88 1032 -21 LEC 276.8 -6 KDL 1059 16 PCBL 292 -2 NBF2 9.15 -0.05 AKPL 248.5 -2.5 PPCL 262 -5.2 NLG 1317 2 BNHC 466.9 0.7 CMF2 9.21 -0.1 HRL 861 -4 NABBC 631 -12 BEDC 470 0 STC 5908 9 SFCL 704.1 63.6 MERO 760 0.5 SALICO 747 -9.1 CORBL 958.8 -10.2 TSHL 909 -11 CIZBD86 1060 -10 BHL 440 -13 RHPL 364 -5.2 HATHY 1322 13 HDL 1423.1 49.1 MKCL 1497 -26 ALICL 714.5 -1.2 USHL 783.2 -13.7 NMBMF 695 -10
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Uptrend Table Calculator

High Price Low Price Closing Price

Retracements
23.60%
38.20%
50%
61.80%
76.40%
Extensions
261.80%
200%
161.80%
138.20%
100%
61.80%
50%
38.20%
23.60%

DownTrend Table Calculator

High Price Low Price Closing Price

Retracements
76.4%
61.80%
50%
38.20%
23.60%
Extensions
23.60%
38.20%
50%
61.80%
100%
138.20%
161.80%
200%
261.80%

What Are Fibonacci Numbers?

Fibonacci studies are popular trading tools. Understanding how they are used and to what extent they can be trusted is important to any trader who wants to benefit from the ancient mathematician's scientific legacy. While it's no secret that some traders unquestionably rely on Fibonacci tools to make major trading decisions, others see the Fibonacci studies as exotic scientific baubles, toyed with by so many traders that they may even influence the market. In this article, we examine how the Fibonacci studies may influence the market situation by winning the hearts and minds of traders.

The Fibonacci method should only be used in a combination with other methods, and the results derived should be considered just another point in favor of a decision if they coincide with the results produced by the other methods in the combination.


How It Works

It is a popular opinion that when correctly applied, the Fibonacci tools can successfully predict market behavior in 70% of cases, particularly when a specific price is predicted. Others consider computations for multiple retracements too time-consuming and difficult to use. Perhaps the greatest disadvantage of the Fibonacci method is the complexity of the results for reading and the ensuing inability of many traders to really understand them. In other words, traders should not rely on the Fibonacci levels as compulsory support and resistance levels.