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Drawing tools · Fibonacci

Fibonacci circles

Fibonacci circles are concentric circles around a pivot, at Fibonacci fractions of a reference radius. They combine price and time: a circle is reached either by a large move quickly or a small move slowly.

What it's for
  • Combine price and time in one set of curves around a major pivot.
  • Look for time-and-price areas where a later swing could react, to be confirmed by price action.
Plus and Pro toolTry it in Analyze
Points
2: center, then a point on circle 1
Plan
Plus and Pro
Levels
0.236 · 0.382 · 0.5 · 0.618 · 0.786 · 1 (+1.618, 2.618)
Depends on
The chart's zoom and scale

Construction and reading

The first click sets the center, usually a major high or low; the second sets the radius of circle 1, usually the opposite end of the swing. Smaller circles are drawn at 0.236 to 0.786 of that radius; the options add 1.618 and 2.618.

Fibonacci circles centered on a swing high, with circle 1 passing through the following low
Circles centered on a swing high, with circle 1 through the next swing low. Each circle is a curve of equal “distance” from the high, mixing price change and elapsed time.

Practitioners watch where price meets a circle: a circle crossed by a later swing high or low is read as a time-and-price support or resistance.

Limits: the scale problem

  • Circles are among the most subjective Fibonacci tools; use them as a complement to price levels, never alone.
  • To measure pure price levels use a retracement; for pure time use time cycles or cyclic lines.

Charts in this guide use simulated prices generated for illustration; levels and outcomes shown are examples, not observations of a real market. Educational content only, not investment advice.

Related guides

Fibonacci speed resistance arcsPlusHow Fibonacci speed resistance arcs are centered on the end of a move, cross it at 38.2%, 50% and 61.8%, and act as support that rises with time.Fibonacci spiralPlusHow the golden spiral is drawn from a center through a swing point, what it is used for, and why it is the most subjective Fibonacci tool.Fibonacci retracementHow to draw a Fibonacci retracement from the start to the end of a swing, what the 23.6%, 38.2%, 50%, 61.8% and 78.6% levels mean, confluence and invalidation.
Fibonacci circles: concentric time-and-price levels and their limits | Oyticker