Fibonacci retracement levels are key areas where price may pause or reverse during a trend. This tool helps visualize potential support and resistance levels based on recent price swings. Each level carries its own significance:
To use this tool, enter the anchor price and swing size (in points), then choose the trend type (e.g. HH for Higher High or LL for Lower Low). A chart will be generated dynamically showing the key retracement levels. Use this to anticipate potential bounce or reversal zones in your trading.
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