Fibonacci retracement
Indicators II
The pullback map
Draw swing low to swing high; the 38.2%, 50%, 61.8% lines map where pullbacks commonly end. Alone they're decent. At confluence with S/R or a moving average, they're levels worth trading.
Check yourself
The 'golden pocket' traders watch is around…
- 10 to 15%
- 61.8% (with 65%) correct
- 90 to 95%
The 0.618 zone is the deepest pullback that still preserves trend structure. The last good bus stop.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.
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