📊 Fibonacci Retracement Levels with Python

This project shows how to calculate and plot Fibonacci retracement levels using Python and Matplotlib on real stock data from Yahoo Finance.

It’s beginner-friendly and perfect for learning technical analysis + data analytics together.

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What Are Fibonacci Retracement Levels?

Fibonacci retracement levels are horizontal lines drawn at key percentage points between a stock's high and low price.
Traders use them to identify potential support and resistance zones, where the price may pause or reverse.

Common levels: 23.6%, 38.2%, 50%, 61.8%, 78.6%

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Features

• Download real stock data using yfinance
• Calculate recent high and low prices
• Compute Fibonacci retracement levels
• Plot stock price with Fibonacci lines
• Works with any stock ticker (AAPL, TSLA, MSFT, etc.)

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Watch the step-by-step video on YouTube:

https://youtu.be/qCtS9EfT3Jc

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Requirements

Install the required libraries:

pip install yfinance pandas matplotlib