Definition
A tool that uses 23.6%, 38.2%, 50%, 61.8% and 78.6% ratios to mark where a pullback within a trend may end.
Example
In an uptrend, a pullback to the 61.8% level is often watched as a buying zone.
Related terms
Forex glossary
A tool that uses 23.6%, 38.2%, 50%, 61.8% and 78.6% ratios to mark where a pullback within a trend may end.
In an uptrend, a pullback to the 61.8% level is often watched as a buying zone.