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--- chart_analysis:fibonacci_retracemen [2019/06/24 19:38]
127.0.0.1 external edit
+++ chart_analysis:fibonacci_retracemen [2023/07/21 20:43]
jayanthi [Introduction]
@@ Line 1: / Line 1: @@
 ====== Fibonacci Retracements ======
-===== Introduction =====
+===== What Are Fibonacci Retracement Levels? =====
-Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback. Fibonacci Retracements can also be applied after a decline to forecast the length of a counter-trend bounce. These retracements can be combined with other indicators and [[:chart_analysis:chart_patterns|price patterns]] to create an overall strategy.
+Fibonacci retracement levels are based on ratios used to identify potential reversal points on a price chart. These ratios are found in the Fibonacci sequence. The most popular Fibonacci retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38%, and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback. Fibonacci retracement levels can also be applied after a decline to forecast the length of a counter-trend bounce. These retracements can be combined with other indicators and [[:chart_analysis:chart_patterns|price patterns]] to create an overall strategy.
 ===== The Sequence and Ratios =====
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 ===== Using with SharpCharts =====
-You can use our [[docs>chartnotes|ChartNotes annotation tool]] to add Fibonacci Retracement Lines to your charts. Below, you'll find an example of a chart annotated with Fibonacci Retracement Lines.
+You can use our [[https://support.stockcharts.com/doku.php?id=chartnotes|ChartNotes annotation tool]] to add Fibonacci Retracement Lines to your charts. Below, you'll find an example of a chart annotated with Fibonacci Retracement Lines.
 {{:chart_analysis:fibonacci_retracemen:fibo-8-shrpchrt.png|Chart 7 - Fibonacci Retracements}}
-To learn more about how to add this annotation to your charts, check out our Support Center article on [[docs>chartnotes:line_studies#fibonacci_retracement_lines|ChartNotes' Line Study Tools]].
+To learn more about how to add this annotation to your charts, check out our Support Center article on [[https://support.stockcharts.com/doku.php?id=chartnotes:line_studies#fibonacci_retracement_lines|ChartNotes' Line Study Tools]].
 ===== Further Study =====
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