Fibonacci Retracement
Definition
A technical tool using Fibonacci ratios (23.6%, 38.2%, 61.8%, 78.6%) to identify potential support and resistance levels during price corrections.
Example
After a rally, traders watch the 61.8% retracement level for potential bounce. Support and Resistance Category: Technical Analysis Definition: Price levels where a stock tends to find buying support (floor) or selling resistance (ceiling) due to histor
Frequently Asked Question
What is Fibonacci Retracement in trading?
A technical tool using Fibonacci ratios (23.6%, 38.2%, 61.8%, 78.6%) to identify potential support and resistance levels during price corrections.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.