Forex glossary
What is a fibonacci retracement?
Levels at 23.6%, 38.2%, 50%, 61.8% and 78.6% of a swing, used to find pullback zones.
Definition
Fibonacci retracement: Levels at 23.6%, 38.2%, 50%, 61.8% and 78.6% of a swing, used to find pullback zones.
In context
The Fibonacci retracement tool marks the likely stopping points.
From the lesson Fibonacci Retracements.
Lessons that cover Fibonacci retracement
Fibonacci · 7 min
Fibonacci Retracements
Where might the pullback end? Draw the levels and find out.
Advanced Technicals · 7 min
Elliott Wave Basics
Five waves up, three waves down: the rhythm of crowds.