STRUCTURE INDICATOR
Fibonacci Retracement
Maps proportional retracement levels between two selected swing points.
Start with the input, not the story.
Relative distance through a user-defined price move.
Plain-language formula
Applies ratios such as 38.2%, 50% and 61.8% to the selected high-low range.
Platform implementations can differ in price input, smoothing, indexing and rounding. Record the exact settings and provider before comparing results.
03 / USEFUL REGIME
Where it may help
Standardising pullback-depth research.
04 / WEAK REGIME
Where it struggles
Subjective swing selection and post-hoc level fitting.
Add a different measurement.
Objective swing rulesATRMarket structure
A complementary tool should answer a different question, such as volatility, regime or position risk. Test the base rule before testing the combination.
The shortcut to avoid
Drawing enough grids that one level always appears to work.
A testable next step
Define swing selection mechanically and compare against evenly spaced control levels.