A retracement is a temporary reversal or pause in the direction of a price movement in the financial market. It refers to a short-term decline or correction within an overall trend before the price continues moving in the original direction.
Additionally, the price climbed above the 61.8 percent Fibonacci retracement level of the last wave from the $ 711.49 high to $ 592.86 low. (ethnews.com)
Think of Fibonacci retracement levels as a second opinion to already - established price action levels (dailypriceaction.com)
Could you trade Regular Divergence for the ABC pattern knowing the target is Pt D at the 78.6 Fib Retracement of XC? (fxdayjob.com)