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 third wave labeled c is unfolding towards the target zone, which is formed by the 61.8 percent and the 50 percent retracements of the rally from $1,276.59 to $1,326.30.

Spot gold to fall into $1,296-$1,301 range

Out of 11 such retracements eight have been larger.

Dubai stabilises, Abu Dhabi could see more short-term pressure

In terms of the LQD investment grade corporate ETF price action has been more negative, as it has extended declines from over 120.70 in late January to lows near 116.00 presently with only minor retracements for a -4% YTD return.

U.S. HYG high yield corporate ETFs have been inching lower

These resistances are identified respectively as the 61.8 percent and the 76.4 percent retracements of the downtrend from $2,397 to $1,982.

NY cocoa may test resistance at $2,238

The range is formed by the 23.6 percent and the 38.2 percent retracements of the downtrend from $7,253 to $6,777.

Commodity - LME copper may consolidate in $6,889-$6,959 range

The range is formed by the 23.6 percent and the 38.2 percent retracements on the downtrend from $1,366.07 to $1,302.61.

Commodity - Spot gold neutral in $1,318-$1,327 range

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