Fibonacci retracement
Levels drawn on one leg of price at 23.6%, 38.2%, 50%, 61.8% and 78.6% of it, measured back from its end, to mark how deep a pullback has gone.
Why it matters
Many traders watch them. In BTC data from 2024 to 2026, though, they caught about as many pullbacks as levels shifted slightly away from them.
Education only, not financial advice · All terms