Business, Legal & Accounting Glossary
A tool used in technical analysis which plots the Fibonacci ratios on a graph which displays a stock’s price over time. The key Fibonacci ratios are 23.6%, 38.2%, 61.8%, and 78.6%. The different Fibonacci ratios are used to predict how likely it is for the stock to return to that price by retracing its previous actions.
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This glossary post was last updated: 16th November, 2021 | 0 Views.