Glossary · from the DESK dictionary
Fibonacci Retracement
A technical analysis tool that draws horizontal lines at specific Fibonacci ratios to identify potential support and resistance levels.
In plain words
Based on the mathematical Fibonacci sequence, with levels like 38.2%, 50%, and 61.8% especially noted.
What it means for traders
A widely used tool in technical chart analysis.
Common pitfalls
Can act as a self-fulfilling prophecy due to widespread use, but lacks genuine fundamental grounding.
Related terms
Fibonacci Extension · Fibonacci Numbers (Sequence) · Gann Angles · Gann Theory · Harmonic Pattern · Leonardo Fibonacci · Optimal Trade Entry (OTE)
From the DESK dictionary. For information only, not investment advice.
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DESK is a research tool and not investment advice. Page generated: 2026-10-12.