Fibonacci retracement
Technical analysisHorizontal levels at 23.6%, 38.2%, 50%, 61.8% and 78.6% of a prior swing.
In plain terms
Works mainly because enough traders place orders there. That is a real reason, not a mystical one.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Pullback entry
Technical analysisBuying a temporary decline within an established uptrend, at a moving average or Fibonacci retracement, on a bullish reversal candle.
In plain terms
The best risk-reward of the common templates, because the stop sits just under a nearby low. Skip it when the pullback arrives on heavier volume than the advance — that is distribution.