Fibonacci Cheat Sheet
Quick reference for Fib retracements, extensions, and how to combine with structure.
Quick reference table
| Key retracement levels | 23.6%, 38.2%, 50%, 61.8%, 78.6% |
| Key extension levels | 127.2%, 161.8%, 200%, 261.8% |
| How to draw retracements | Swing high to swing low (uptrend pullback). Reverse for downtrend. |
| Strongest level | 61.8% (golden ratio) — deepest 'normal' pullback |
| 50% level | Psychologically significant — mid-point of the move |
| Trend-following retracements | Enter at 38.2% or 50% with confirmation |
| Counter-trend retracements | Use 61.8% or 78.6% — wait for reversal at level |
| Beyond 78.6% retrace | Trend likely broken — re-evaluate |
| Best paired with | Prior support/resistance, moving averages (confluence) |
| Common mistake | Using Fib alone — needs confluence to work |
Quick setups
- Long at 50%: Uptrend confirmed + Fib 50% retracement + rejection candle + prior support = high-conviction long.
- Long at 61.8%: Strong support level + Fib 61.8% (golden ratio) + bullish divergence on RSI = entry with tight stop.
- Extension target: After successful retracement reversal, use 161.8% extension as profit target.