Fibonacci retracement is a very popular tool used by many technical traders to help identify strategic places for transactions to be placed, target prices or stop losses. The notion of retracement is used in many indicators such as Tirone levels, Gartley patterns, Elliott Wave theory and more. After a significant price movement up or down, the new support and resistance levels are often at or near these lines.
Investment dictionary. Academic. 2012.
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Fibonacci Channel — A variation of the Fibonacci retracement pattern in which the trendlines run diagonally rather than horizontally. These channels are used to estimate areas of support and resistance in the same way as the horizontal Fibonacci retracement levels.… … Investment dictionary
Fibonacci Extensions — Levels used in Fibonacci retracement to forecast areas of support or resistance. Extensions consist of all levels drawn beyond the standard 100% level and are used by many traders to determine areas where they will wish to take profits. The most… … Investment dictionary
Retracement — may mean:* A share trading term expressed as a percentage of price movement from the most recent high in relation to the previous low. It can also be applied in reverse when short trading . The degree of retracement is seen to be comparative to… … Wikipedia
Fibonacci — Infobox Scientist box width = 300px name = Leonardo of Pisa (Fibonacci) image width = 150px caption = Leonardo of Pisa, Fibonacci birth date = c. 1170 birth place = Pisa, Italy death date = c. 1250 death place = Pisa, Italy residence = Italy… … Wikipedia
Retracement — A temporary reversal in the direction of a stock s price that goes against the prevailing trend. A retracement does not signify a change in the larger trend. On a chart where a stock s price is generally headed upward, retracements are the small… … Investment dictionary
Fibonacci Clusters — A tool used in technical analysis that combines various numbers of Fibonacci retracements, all of which are drawn from different highs and lows. Fibonacci clusters are indicators which are usually found on the side of a price chart and look like… … Investment dictionary
Golden ratio — For the Ace of Base album, see The Golden Ratio (album). Not to be confused with Golden number. The golden section is a line segment divided according to the golden ratio: The total length a + b is to the length of the longer segment a as the… … Wikipedia
Tirone Levels — A series of three sequentially higher horizontal lines used to identify possible areas of support and resistance for the price of an asset. The position of the center line is plotted by calculating the difference between the highest high and the… … Investment dictionary
Swing trading — Contenido 1 Swing Trading y Ondas Elliot en el Mercado de Divisas Forex Fx 1.1 Impulsos 1.2 Retrocesos 1.3 Niveles Fibonacci a tener en cuenta en Swing Trading … Wikipedia Español
Qtstalker — is a free, user friendly Technical Analysis software for POSIX systems. It is similar to commercial software such as Metastock, Supercharts and TradeStation, and keeps to a lean, simple design for speed, portability and low resource usage.… … Wikipedia