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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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Golden ratio

Technical analysis

The proportion 0.618, which consecutive Fibonacci ratios converge on, and the source of the 61.8% retracement level.

In plain terms

No mathematical constant governs a share price. The level works because a great many traders and algorithms place orders there — a genuine reason, simply not a mystical one.

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Indian stock market glossary · Market Vidyalaya