Percentage-retracement levels are yet another technical indicator useful in defining short- and long-term price trends in a security or sector. Percentage retracement levels are based upon the ...
technical analysts may generate a Fibonacci retracement from two extreme positions (often a peak and a trough) on a stock chart. Draw horizontal lines from the found levels that can then determine ...
To look at the Fibonacci retracement, simply overlay a horizontal line for the three rather uncommon numbers and the 50% figure over a stock chart showing prices over a predetermined time ...