Horizontal levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) used to identify potential support/resistance.
Drawn between a swing high and swing low. The 61.8% "golden ratio" is most-watched. Self-fulfilling to some extent — many traders watch the same levels, creating real reactive behavior at them.
Horizontal levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) used to identify potential support/resistance. Drawn between a swing high and swing low. The 61.8% "golden ratio" is most-watched. Self-fulfilling to some extent — many traders watch the same levels, creating real reactive behavior at them.
In technical analysis, Fibonacci Retracement is one of the building blocks investors use to compare opportunities and assess risk. Understanding it helps you read research notes, earnings reports, and market commentary without getting lost in jargon.
Drawn between a swing high and swing low. The 61.8% "golden ratio" is most-watched.
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