BRVX Glossary · Fibonacci retracement · Updated September 25, 2026
Fibonacci retracement is a charting tool that marks horizontal levels at 23.6%, 38.2%, 50%, 61.8% and 78.6% of a prior price move, where traders expect a pullback might pause or reverse before the trend resumes.
The formula
Level High − (High − Low) × ratio Ratios: 0.236 · 0.382 · 0.5 · 0.618 · 0.786
Each level is a fixed share of the swing being measured.
How it works
- Swing Low to high
- Ratios Fibonacci levels
- Levels Possible pullback zones
How to draw it
In an uptrend, draw from the swing low to the swing high; the levels appear below the high. In a downtrend, draw from the high to the low. Different traders pick different swings, which is why their levels differ.
How traders use it
- 38.2% and 61.8% are the most watched pullback zones.
- 50% is not a Fibonacci ratio but is included by convention.
- Levels matter more when they coincide with prior support or resistance.
On BRVX
The Fibonacci tool is one of the drawing tools on the BRVX TradingView chart. A stop placed just beyond the 78.6% level is a common way to define where the pullback idea is wrong.
Questions about Fibonacci retracement
Does Fibonacci retracement work?
It works as a shared reference many traders watch, not as a law of markets.
What is the golden ratio in trading?
61.8%, derived from the Fibonacci sequence.
What is a Fibonacci extension?
Levels beyond 100% of a move, used as profit targets.
Fibonacci retracement: next steps on BRVX
Spot Fibonacci retracement on MSTR/USDT: TradingView chart, one of 41 markets, up to 100x, 0.05% a side, prices moving at weekends too.
Read next: Support and resistance, Technical analysis and Chart patterns.
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