Retracement

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Retracement

A price movement in the opposite direction of the previous trend.

Retracement

A situation in which a price begins to move back toward its former price after it has changed significantly in a brief period of time. An example of retracement occurs when a stock falls 10% but then recovers 8%.

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Fibonacci Numbers

References in periodicals archive ?

The adaptability of the Fibonacci retracement to a variety of charts and time frames has made the tool one of the most popular ones among forex traders.

HOW TO USE THE FIBONACCI RETRACEMENT IN FOREX TRADING

So far there's only been one rally post breakout and a retracement that started last week.

UAE markets: Additional weakness likely in the short-term

The 50% retracement level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for an asset to continue in a certain direction once it completes a 50% retracement.

Fibonacci

However, today, we will look at our favorite retracement level in the form of the 78.