Give it a swing high, a swing low and a direction. It returns every retracement and extension level as a price and as a pip distance from the anchor.
| Level | Price | Pips from anchor |
|---|---|---|
| 0.0% | 1.09585 | 0.0 |
| 23.6% | 1.09073 | 51.2 |
| 38.2% | 1.08756 | 82.9 |
| 50.0% | 1.08500 | 108.5 |
| 61.8% | 1.08244 | 134.1 |
| 76.4% | 1.07927 | 165.8 |
| 100.0% | 1.07415 | 217.0 |
| Level | Price | Pips from anchor |
|---|---|---|
| 61.8% | 1.10926 | 134.1 |
| 100.0% | 1.11755 | 217.0 |
| 138.2% | 1.12584 | 299.9 |
| 161.8% | 1.13096 | 351.1 |
| 200.0% | 1.13925 | 434.0 |
| 261.8% | 1.15266 | 568.1 |
| Ratio | Role |
|---|---|
| 23.6% | Shallow pullback — strong trend |
| 38.2% | First serious test |
| 50% | Not a Fibonacci number at all — a psychological halfway line |
| 61.8% | The golden ratio; often the last level a trend can hold |
| 76.4% | Deep — the trend is in question |
| 161.8% | Standard extension target |
| 261.8% | Extended target after a strong continuation |
Horizontal levels at fixed proportions of a completed swing — 23.6%, 38.2%, 50%, 61.8%, 76.4% — used as candidate areas where a pullback may end. They mark where to look, not what will happen.
38.2%, 50% and 61.8% attract the most attention. 61.8% is the golden ratio and is often treated as the last level a trend can retrace to and still be considered intact.
Retracements sit inside the swing and are used for entries. Extensions project beyond it — 138.2%, 161.8%, 261.8% — and are used as targets once the move continues past the original high or low.
There is no mechanism that makes price respect a ratio. These levels are watched by enough participants that orders cluster around them, which is a self-fulfilling effect, not a property of the market. Size the trade as if the level will fail.
PipSync is a signal execution tool. It does not provide trading signals, does not guarantee any trading results and is not investment advice. Trading leveraged products involves substantial risk of loss.