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Fibonacci Retracement

Where prices on a chart move off their latest tops or bottoms in swings of 38.2%, 50%, or 61.8% from their previous bottoms or tops before resuming their original trend direction.

The most common and easiest to spot is 50%.

Related Terms:

Bollinger Bands
Bollinger Bands are a type of envelope (or trading band) plotted at standard deviation levels above ...

Mercury Chart
A modiļ¬ed bar chart used in commodity futures. Each bar shows the price range for a ...

Momentum Investor
Someone who buys stocks or other securities that have had high returns over the past 3 ...

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