Retracement and extension levels from a swing high and low.
Fibonacci retracement levels highlight where a pullback may find support or resistance within a trend; extensions project targets beyond it. Enter the swing high and low and choose the trend direction.
The common retracements are 23.6%, 38.2%, 50%, 61.8% and 78.6%. Extensions at 127.2% and 161.8% are used for targets.
Use a clear recent swing: the high and low of the move you expect price to retrace.