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
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