Fibonacci retracement

E569773

Fibonacci retracement is a technical analysis tool that uses key Fibonacci ratios to identify potential support and resistance levels where price corrections may pause or reverse.

All labels observed (1)

Label Occurrences
Fibonacci retracement canonical 1

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Statements (49)

Predicate Object
instanceOf charting technique ⓘ
technical analysis tool ⓘ
appliedTo downtrends ⓘ
price charts ⓘ
uptrends ⓘ
assumes markets retrace a predictable portion of a move ⓘ
basedOn Fibonacci ratios ⓘ
Fibonacci sequence ⓘ
category Fibonacci tools ⓘ
combinedWith candlestick patterns ⓘ
momentum indicators ⓘ
moving averages ⓘ
trendlines ⓘ
drawnFrom significant swing high ⓘ
significant swing low ⓘ
drawnTo significant swing high ⓘ
significant swing low ⓘ
hasKeyRatio 0.236 ⓘ
0.382 ⓘ
0.5 ⓘ
0.618 ⓘ
0.786 ⓘ
hasLimitation does not guarantee reversals ⓘ
subjective selection of swing points ⓘ
identifies potential price correction zones ⓘ
potential resistance levels ⓘ
potential reversal zones ⓘ
potential support levels ⓘ
purpose identify entry levels ⓘ
identify exit levels ⓘ
set profit targets ⓘ
set stop-loss levels ⓘ
relatedTo Fibonacci arc ⓘ
Fibonacci extension ⓘ
Fibonacci fan ⓘ
usedBy investors ⓘ
technical analysts ⓘ
traders ⓘ
usedIn cryptocurrency trading ⓘ
financial markets ⓘ
forex trading ⓘ
futures trading ⓘ
stock trading ⓘ
usesRatio 23.6% ⓘ
38.2% ⓘ
50% ⓘ
61.8% ⓘ
78.6% ⓘ
visualizedAs horizontal lines ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Elliott Wave → relatesTo → Fibonacci retracement ⓘ