Summary of the Situation

TradingView, a popular tool for technical analysts, has been reported to have a bug in its Fibonacci retracement feature. According to Cryptoteddybear, who describes himself as a certified Elliott wave analyst, the tool’s use of linear calculations on logarithmic charts poses significant challenges for those applying Elliott wave analysis.

A video published by Cryptoteddybear on June 13 elaborates on the issues with the tool, which has been under scrutiny since reports began surfacing over five years ago. The official TradingView Twitter account acknowledged this ongoing bug, stating that they are investigating the concern after years of user complaints.

Additionally, in past communications from TradingView, the company has promised a resolution, yet as of the latest comments, the bug remains unfixed. Cryptoteddybear expressed gratitude to TradingView for taking the situation more seriously recently, indicating hope for a swift resolution.

Background Information

The Fibonacci retracement tool is a popular feature among traders using technical analysis, as it aids in predicting potential price movements based on historical data. Despite the ongoing issues, TradingView continues to be a significant platform in the cryptocurrency and financial analysis space.