Fibonacci Calculator
Fibonacci calculator is a tool that many brokers offer to their customers for technical analysis of its underlying assets .
It is based on Fibonacci retracements , ie the calculation of the moments in which a trend is exhausted and a fall or rise in prices occurs . Although the fall would be what we would call backward , while the rise would be a rebound, both movements are known as Fibonacci Retracements .
How to use
Fibonacci Calculator allows us to find the support and resistance of a price, ie reached the point at which the trend should change . These support and resistance are based on statistical data and often have a high reliability.
The last part of the price chart is taken from where the oscillation has started (or trend) current until the moment we are and that we see the trend already exhausted . The maximum and minimum values are taken . This is key, because depending on your point of view and experience , each investor will see these peaks and troughs in a different place . The expertise, a good eye and especially the experience will determine the wisdom to choose them.
Are entered into the calculator and this gives us the values of regression which are in the Fibonacci numbers : 0, 0.236 , 0.382 , 0.5, 0.618 and 1.
Usually exprean well : 0, 23.6 , 38.2 , 50, 61.8 and 100 indicating a movement of the 23.6 % retracement , 38.2 %, etc. .
