WickCheck / Trading school / Fibonacci retracement
Fibonacci retracementFibBeginner
Lines at 23.6, 38.2, 50, 61.8 and 78.6% of a swing, used to plan pullback entries.
What it means
ICT traders use the 62–79% zone (optimal trade entry) and the 50% level (equilibrium). Fib extensions such as −27% and −62% are used as targets.
How to spot it
- Draw from swing low to swing high (or the reverse) and watch the 50–79% area.
Common mistakes
- Drawing fibs on random swings until one fits.
Related terms
Optimal trade entryAn entry zone at the 62% to 79% retracement of a swing, with 70.5% as the common…EquilibriumThe 50% level of a dealing range, the line between premium and discount.…Premium and discountThe upper half of a price range is premium (expensive), the lower half is discou…
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Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.