Fibonacci Analysis Workflow
OBJECTIVE: Identify key Fibonacci levels and assess price position.
Step 1: Get Price Data
- •Use
get_historical_priceswith 6-month lookback - •Identify the most significant swing (major high to low or low to high)
Step 2: Calculate Fibonacci Levels
- •Use
fibonacci_analysis_toolwith the identified swing points - •The tool will calculate: 23.6%, 38.2%, 50%, 61.8%, 78.6% levels
Step 3: Focus on Golden Zone
- •The 61.5%-61.8% level is the "golden ratio" - most significant
- •For UPTREND: Golden zone is SUPPORT (price retraces down to it)
- •For DOWNTREND: Golden zone is RESISTANCE (price bounces up to it)
Step 4: Assess Current Position
- •ABOVE golden zone: Bullish positioning
- •IN golden zone: Critical decision area (watch for reversal signals)
- •BELOW golden zone: Support broken, trend may be reversing
Output Format
Fibonacci Analysis: [SYMBOL] Swing: [TYPE] from $LOW to $HIGH Golden Zone: $X.XX - $Y.YY Current Price: $Z.ZZ -> [ABOVE/IN/BELOW] golden zone Interpretation: [Actionable assessment]