Fibonaci Projection Calculator
Free Version
Publisher Description
Fibonaci Projection Calculator - Project prices into the future. Projections just give us a possible target
About Fibonacci Price Projections
Traders often get excited when they believe they can use an indicator or tool to ‘project’ prices into the future, but in reality, price projections just give us a possible target that the market may or may not achieve.
Traders use Fibonacci Price Projections (also called “Extensions”) in a similar manner as Fibonacci Retracements, but they are looking to project where price will travel upwards to hit resistance (in an uptrend) rather than find where price will find support via retracements.
While traders often use Fibonacci ratios 38.2%, 50.0%, and 61.8% for retracements, it is quite common to use 61.8%, 100.0%, 132.8%, and 161.8% for Price Projections and Extensions.
What exactly does this mean?
To draw a Fibonacci Projection grid, we’ll need to identify a swing low, swing high, and price retracement against the swing high (for uptrends – reverse the definition for projecting price in a down-trend).
This example is done in the context of an uptrend. We start our projection grid off a Swing Low and then draw the first line to the next Swing High.
1. In an up-trend, Identify a Swing Low (retracement)
2. Use your Fibonacci Projection Tool to move from the Swing Low to the next Swing High for the ‘base’.
3. Draw the Second Line from the Swing High to a Retracement (Swing) Low
The first line (from Swing Low to Swing High) serves as the “Measurement Swing” by which we will soon create Fibonacci Projections. The “Retracement” Swing provides the base from which to project Fibonacci relationships of the first swing.
For example, if the original swing is 100 and our retracement is 70 down, we would take the Fibonacci ratios of the 100 swing (61.8%, 100%, etc) and then add those values to the Retracement Low. Luckily, most software programs do all this for us with three clicks – you just need to know where to point your mouse to click.
Now, unlike the Fibonacci Retracement tool where we are looking to find support, we are now looking to find points above price where the market is likely to experience Overhead Resistance. These will now serve as Profit Targets to help us establish risk/reward relationships.
About Fibonaci Projection Calculator
Fibonaci Projection Calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Fibonaci Projection Calculator is Shubhlaxmi. The latest version released by its developer is 1.0.
To install Fibonaci Projection Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2023-09-16 and was downloaded 63 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Fibonaci Projection Calculator as malware as malware if the download link to com.fibonacci.projection.calculator is broken.
How to install Fibonaci Projection Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Fibonaci Projection Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Fibonaci Projection Calculator will be shown. Click on Accept to continue the process.
- Fibonaci Projection Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
