{"id":66829,"date":"2026-04-28T11:00:47","date_gmt":"2026-04-28T16:00:47","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=66829"},"modified":"2026-04-28T12:54:18","modified_gmt":"2026-04-28T17:54:18","slug":"fibonacci-retracements-2","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/","title":{"rendered":"Using Fibonacci Retracements on TradeStation"},"content":{"rendered":"

Stock prices often zig and zag instead of moving in a straight line. Today we\u2019ll explore Fibonacci retracements, a popular tool for navigating ups and downs in stock and futures markets.<\/p>\n

The Fibonacci (\u201cFib\u201d) tool is a drawing instrument on TradeStation\u2019s charts that plot lines for potential pullbacks. It\u2019s based on a series of numbers discovered by medieval mathematician Leonardo Fibonacci. While the calculations are complicated, their use in the market is relatively straightforward.<\/p>\n

\"\"

S&P Energy Select Index ($SIXE.X), daily chart, showing recent Fibonacci retracement.<\/em><\/p><\/div>\n

Fibonacci Retracement Levels<\/h2>\n

Simply put, the Fibonacci trading looks for stocks to give back, or \u201cretrace,\u201d certain amounts of a move. They\u2019re based on percentages of the advance or decline. The Fibonacci tool looks for retracements of:<\/p>\n

    \n
  • 23.6 percent<\/li>\n
  • 38.2 percent<\/li>\n
  • 50 percent<\/li>\n
  • 61.8 percent<\/li>\n
  • 76.4 percent<\/li>\n<\/ul>\n

    Bullish traders can use these countertrend moves to identify pullbacks in an upward-trending stock they\u2019d like to buy. Bearish Fibonacci traders can look for potential rebounds to sell.<\/p>\n

    \"\"

    Australian dollar (AUDUSD), daily chart, showing recent Fibonacci retracement.<\/em><\/p><\/div>\n

    How to Use Fibonacci Retracement<\/h2>\n

    Traders can access Fib retracements on TradeStation\u2019s platform by following these steps:<\/p>\n

      \n
    • Click on the Drawing button (marked with a pen icon)<\/li>\n
    • Select \u201cFibonacci Price Retracement Lines.\u201d<\/li>\n
    • Left-click on the starting price level. Release the button.<\/li>\n
    • Move the cursor to the ending price level.<\/li>\n
    • Left-click again. This will establish the range.<\/li>\n
    • You can drag the prices to adjust the top and bottom of the range.<\/li>\n<\/ul>\n

      Adjusting The Fibonacci Tool<\/h2>\n

      You can adjust the drawing by right clicking on a line and selecting \u201cEdit \u2018Fibonacci Retracement Lines.’\u201d<\/p>\n

      A dialog box will appear. You can make some of the following changes:<\/p>\n

        \n
      • Change the colors of the various retracement levels.<\/li>\n
      • Change the style of the lines (solid, dotted, dashed, etc.)<\/li>\n
      • Change the line weight (thickness) or transparency of Fib retracement lines.<\/li>\n
      • Hide lines using the check boxes to the left. (In case your chart is cluttered.)<\/li>\n
      • Tabs on the left also let you set alerts and change the fonts of the labels.<\/li>\n<\/ul>\n
        \"\"

        Adobe (ADBE), daily chart, showing bearish Fibonacci retracement in March.<\/em><\/p><\/div>\n

        Examples of Fibonacci Retracement<\/h2>\n

        Markets don\u2019t always move in a straight line. Pullbacks and counter-trend fluctuations often occur, creating potential opportunities for directional traders. This can be true for bullish or bearish moves.<\/p>\n

        Take energy stocks, for example. The S&P Energy Select Sector Index ($SIXE.X) rallied to new all-time highs in February and March as tensions grew in the Middle East. It stalled as a ceasefire took hold and pulled back for three weeks. However it bounced at almost exactly a 50 percent retracement of its advance. That gave a potential signal that prices were still ascending.<\/p>\n

        Adobe (ADBE),\u00a0 on the other hand, has been in a downtrend. It broke support in late January and slid to a new xx-year low a month later. Prices rebounded for about two weeks but stalled below a 50 percent retracement of the downward move. The software company then proceeded to a new long-term low, illustrating how trend followers can potentially utilize retracement levels.<\/p>\n

        In conclusion, Fibonacci retracements can be a useful tool for active traders in the stock market. Hopefully this article helps get you started with this technical analysis method.<\/p>\n

        IMPORTANT: The projections or other information generated by Fibonacci Retracement lines regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

        Stock prices often zig and zag instead of moving in a straight line. Today we\u2019ll explore Fibonacci retracements, a popular tool for navigating ups and downs in stock and futures markets.<\/p>\n","protected":false},"author":39,"featured_media":62576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[76],"tags":[],"class_list":["post-66829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-platform","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nUsing Fibonacci Retracements on TradeStation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Using Fibonacci Retracements on TradeStation\" \/>\n<meta property=\"og:description\" content=\"Stock prices often zig and zag instead of moving in a straight line. Today we\u2019ll explore Fibonacci retracements, a popular tool for navigating ups and downs in stock and futures markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-28T16:00:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-28T17:54:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/\",\"name\":\"Using Fibonacci Retracements on TradeStation\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg\",\"datePublished\":\"2026-04-28T16:00:47+00:00\",\"dateModified\":\"2026-04-28T17:54:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Using Fibonacci Retracements on TradeStation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. He\u2019s also a big fan of generating leverage with options to limit capital at risk.\",\"url\":\"https:\/\/www.tradestation.com\/insights\/author\/drussell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Using Fibonacci Retracements on TradeStation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/","og_locale":"en_US","og_type":"article","og_title":"Using Fibonacci Retracements on TradeStation","og_description":"Stock prices often zig and zag instead of moving in a straight line. Today we\u2019ll explore Fibonacci retracements, a popular tool for navigating ups and downs in stock and futures markets.","og_url":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/","og_site_name":"Market Insights","article_publisher":"https:\/\/www.facebook.com\/TradeStation\/","article_published_time":"2026-04-28T16:00:47+00:00","article_modified_time":"2026-04-28T17:54:18+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg","type":"image\/jpeg"}],"author":"David Russell","twitter_card":"summary_large_image","twitter_creator":"@TradeStation","twitter_site":"@TradeStation","twitter_misc":{"Written by":"David Russell","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/","url":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/","name":"Using Fibonacci Retracements on TradeStation","isPartOf":{"@id":"https:\/\/www.tradestation.com\/insights\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#primaryimage"},"image":{"@id":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg","datePublished":"2026-04-28T16:00:47+00:00","dateModified":"2026-04-28T17:54:18+00:00","author":{"@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4"},"breadcrumb":{"@id":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#primaryimage","url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg","contentUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/TS-BTT-Leonardo-Fibonacci.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.tradestation.com\/insights\/2026\/04\/28\/fibonacci-retracements-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tradestation.com\/insights\/"},{"@type":"ListItem","position":2,"name":"Using Fibonacci Retracements on TradeStation"}]},{"@type":"WebSite","@id":"https:\/\/www.tradestation.com\/insights\/#website","url":"https:\/\/www.tradestation.com\/insights\/","name":"Market Insights","description":"Fresh market commentary and actionable trade ideas.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4","name":"David Russell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","caption":"David Russell"},"description":"David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. He\u2019s also a big fan of generating leverage with options to limit capital at risk.","url":"https:\/\/www.tradestation.com\/insights\/author\/drussell\/"}]}},"_links":{"self":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/66829"}],"collection":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/comments?post=66829"}],"version-history":[{"count":4,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/66829\/revisions"}],"predecessor-version":[{"id":66836,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/posts\/66829\/revisions\/66836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/media\/62576"}],"wp:attachment":[{"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/media?parent=66829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/categories?post=66829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tradestation.com\/insights\/wp-json\/wp\/v2\/tags?post=66829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}