Horizontal levels at 23.6% / 38.2% / 50% / 61.8% / 78.6% drawn between a swing low and swing high (or vice-versa).
Level(pct) = swingHigh − (swingHigh − swingLow) × pct
Locate high-probability pullback zones in trending markets, especially 38.2%–61.8% band. Combined with EMAs or S/R for confluence.
Highly subjective — different anchor pivots yield different levels. Not every pullback respects Fib.
Nifty 50 daily bars with Fibonacci Retracement pre-loaded:
2 strategies use Fibonacci Retracement: