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Fibonacci Retracement
Fibonacci retracement is a technical analysis tool that plots percentage levels between two selected price points, commonly including 23.6%, 38.2%, 50%, 61.8% and 78.6%.
Why it matters to you
Traders use these levels to identify potential areas of interest during pullbacks and retracements. They are most useful as part of broader analysis rather than being treated as prices the market is required to respect.
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