Charts
What is Fibonacci Retracement?
Key price levels where a stock might pause or reverse
Full Explanation
Based on the Fibonacci sequence, traders use levels like 23.6%, 38.2%, 50%, and 61.8% to predict where a stock might find support or resistance after a big move.
Pro Tip
The 61.8% level (the "golden ratio") is watched most closely by technical traders.
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