Fibonacci Retracement

Fibonacci Retracement,

Definition of Fibonacci Retracement:

  1. A technical analysis model that calculates target retracement levels at 23.6 percent , 38.2 percent, 50 percent and 61.8 percent of the distance between the low and the high of the most recent price gain or loss.

Meaning of Fibonacci Retracement & Fibonacci Retracement Definition