Fibonacci Levels
Fibonacci Retracement Levels
Technical AnalysisHorizontal lines indicating potential support/resistance at key Fibonacci ratios before price continues in original direction.
Formula
Key levels: 23.6%, 38.2%, 50%, 61.8%, 78.6%
Why it matters
Widely watched levels become self-fulfilling. 61.8% retracement is considered 'golden ratio', strong support/resistance.
Indian example
Related terms
Learn the concept
Technical Analysis Primer →From the research
How The Valuation Node Approaches Research
The research method behind The Valuation Node, how assumptions are stated, how sources are chosen, and how uncertainty is disclosed in every published analysis.
ValuationWhat Three Years of a Cash Flow Statement Reveals That One Year Hides
A single year of cash flow is a snapshot. Three years is a story. Learn what the trend reveals about earnings quality, funding, and sustainability.
ValuationComparing Two Companies on ROE, and Why the Higher One Is Not Always Better
Two companies can report the same ROE for very different reasons. DuPont analysis shows why an ROE built on leverage is not the same as one built on quality.