Fibonacci retracement
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In technical analysis, Fibonacci retracements are price corrections on certain resistance and support lines. They are named after the underlying Fibonacci sequence . The statistically undetectable Fibonacci retracements are based on the idea that markets correct previous upward or downward movements predictably by certain percentages.
See also
Web links
- Definition on boerse.ARD.de
Individual evidence
- ↑ René Kempen: Fibonacci are Human (made). Scientific analysis of retracement levels (2015), accessed May 2, 2020.
- ↑ Jürgen Nowacki: Fibonacci Retracement on investor-verlag.de from January 28, 2013, accessed on March 16, 2015.