What is AutoFibGauge? How to Trade Using Automatic Fibonacci Zones! 🎯
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Manually drawing Fibonacci retracements can be confusing and time-consuming.
That’s why I use AutoFibGauge, a custom tool that automatically detects swing highs and lows and plots key Fibonacci levels for you.
It makes my trading faster, more accurate, and helps avoid emotional errors.
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What is Fibonacci Retracement?
Fibonacci retracement is based on the idea that markets tend to retrace a predictable portion of a move before continuing in the original direction.
The most important Fibonacci levels are:
• 23.6% – Minor pullback
• 38.2% – Healthy correction
• 50.0% – Psychological midpoint
• 61.8% – Golden zone (high probability bounce/reversal area)
• 78.6% – Deep correction zone
Traders use these levels to spot potential support and resistance zones.
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What AutoFibGauge Does:
• Automatically finds recent swing points
• Plots Fibonacci retracement levels instantly
• Highlights important reaction zones like 38.2%, 50%, 61.8%
• Updates dynamically as the market evolves
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How I Use It:
1. Identify if price is reacting to key Fib levels (like 0.382 or 0.618)
2. Combine with trend confirmation (like QMA or Parabolic SAR)
3. Plan entries, exits, and stop-loss around these Fib zones
This saves time and removes the guesswork!
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Real Example (BTC/USD 1H Chart):
• After a strong fall, AutoFibGauge plotted the Fibonacci zones automatically.
• Price reacted perfectly near the 61.8% and 78.6% retracement areas.
• These zones act as high-probability reversal or continuation areas.
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I’m using the AutoFibGauge indicator (available free under TechnoBlooms on TradingView).
If you’d like the direct link or help setting it up, feel free to comment below or DM me!
⸻
Tap LIKE ❤ & FOLLOW ➕ if you found this helpful! More trading tools and strategy tips coming soon!
⸻
#BTCUSD #Bitcoin #AutoFibGauge #FibonacciTrading #TechnicalAnalysis #PriceAction #TradingTools #LearnTrading #CryptoTrading #ForexStrategy
⸻
Manually drawing Fibonacci retracements can be confusing and time-consuming.
That’s why I use AutoFibGauge, a custom tool that automatically detects swing highs and lows and plots key Fibonacci levels for you.
It makes my trading faster, more accurate, and helps avoid emotional errors.
⸻
What is Fibonacci Retracement?
Fibonacci retracement is based on the idea that markets tend to retrace a predictable portion of a move before continuing in the original direction.
The most important Fibonacci levels are:
• 23.6% – Minor pullback
• 38.2% – Healthy correction
• 50.0% – Psychological midpoint
• 61.8% – Golden zone (high probability bounce/reversal area)
• 78.6% – Deep correction zone
Traders use these levels to spot potential support and resistance zones.
⸻
What AutoFibGauge Does:
• Automatically finds recent swing points
• Plots Fibonacci retracement levels instantly
• Highlights important reaction zones like 38.2%, 50%, 61.8%
• Updates dynamically as the market evolves
⸻
How I Use It:
1. Identify if price is reacting to key Fib levels (like 0.382 or 0.618)
2. Combine with trend confirmation (like QMA or Parabolic SAR)
3. Plan entries, exits, and stop-loss around these Fib zones
This saves time and removes the guesswork!
⸻
Real Example (BTC/USD 1H Chart):
• After a strong fall, AutoFibGauge plotted the Fibonacci zones automatically.
• Price reacted perfectly near the 61.8% and 78.6% retracement areas.
• These zones act as high-probability reversal or continuation areas.
⸻
I’m using the AutoFibGauge indicator (available free under TechnoBlooms on TradingView).
If you’d like the direct link or help setting it up, feel free to comment below or DM me!
⸻
Tap LIKE ❤ & FOLLOW ➕ if you found this helpful! More trading tools and strategy tips coming soon!
⸻
#BTCUSD #Bitcoin #AutoFibGauge #FibonacciTrading #TechnicalAnalysis #PriceAction #TradingTools #LearnTrading #CryptoTrading #ForexStrategy
Note
Thank you everyone for the great feedback! 🚀Many traders asked for a detailed explanation of how AutoFibGauge settings work and how to customize it for different assets.
I’m preparing a full guide that will be posted soon! Stay tuned and feel free to drop any more questions below!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.