Traderpedia

Retracement

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Revision as of 14:11, 10 August 2005 by Rhody Trader (Talk | contribs)
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Definition:
A price movement in the opposite direction of the previous move or trend.


Retracements will often co-incide with Fibonacci ratios, from both an extension and a retracement point of view. Retracements that cover more than 60% of a previous move are often viewed as potential reversals.


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