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| The risk and reward calculator will help you to calculate
the position's best targets and their respective reward-to-risk ratios based
on the Fibonacci retracements from the local peak and bottom. It's a powerful
tool to determine the potential risks before entering any positions. |
| The price needs to be inside the wave for you to use this calculator
properly. Here are the two variants of the wave you can work with —
bullish and bearish: |
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| The current price is C; A is the beginning of the wave (bottom for bullish
and peak for bearish); B is the local maximum (for bullish wave) or minimum
(for bearish wave). |
| Fibonacci retracements (0.382 and 0.618) are calculated to form the entry,
target and stop-loss levels. It's better to enter positions only if the current
price (C) is close to 0.382 Fibonacci level. |
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