A Fibonacci Scanner is a trading tool designed to help traders identify potential price levels, market patterns, and possible trading opportunities. It uses Fibonacci-based calculations to examine price movements and highlight areas where the market may react. Fibonacci levels often include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Traders commonly use these levels to study retracements and potential support or resistance zones. Instead of manually drawing every level, a scanner can…