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TrendIntermediate
Fibonacci (retracement & extension)
Ratio grid between swings. Easy to curve-fit; needs clear swings and risk.
Formula (conceptual view)
Retracement levels between swing A–B (e.g. 38.2%, 50%, 61.8%). Extensions project beyond B.
Common parameters: Clear impulse swing; common ratios 38.2 / 50 / 61.8
How to read
- ▸Clear swing or skip the tool — no moving anchors until it “fits”.
- ▸Fib + S/R + reaction beats a magic touch.
- ▸Stops still exist; fib is not invalidation by itself.
- ▸Extensions are measured-move study, not guarantees.
Common mistakes
- ✕ Redrawing swings to force confluence.
- ✕ Entering only because “61.8 is holy”.
- ✕ No risk plan at the level.
Works well with
StructureS/R zonesMulti-TF