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Market Intelligence › Basic Terminologies
By drawing a line from a swing low to high, the levels of 23.6%, 38.2%, 50%, 61.8% and 78.6% are seen, where the chance of stopping the pullback is seen.
Published by The Retail Trader · JUL 31, 2026 · Indicators
Fibonacci Retracement — By drawing a line from a swing low to high, reaching the levels of 23.6%, 38.2%, 50%, 61.8% and 78.6%, where a chance of stopping the pullback is seen.
This term comes under Indicators, in the section "LEVEL CREATION TOOLS". These are less indicators, and more level-generator:
Other terms in this group — understanding them together is more useful:
• Fibonacci Extension
• Pivot Points
• CPR (Central Pivot Range)
• Anchored VWAP
• Volume Profile
To read the entire group and all its examples in one place, see the journal "INDICATORS: FORMULA TOOLS" - this term has been taken from there.
This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.