It looks like you meant Fibonacci Retracement, a popular tool in technical analysis used to identify potential support and resistance levels based on the Fibonacci sequence. Traders use key retracement levels—23.6%, 38.2%, 50%, 61.8%, and 100%—to anticipate price corrections within a trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.