Fibonacci
38.2% Retracement
A key Fibonacci retracement level and the most common target for Wave 4 corrections. When Wave 4 retraces exactly 38.2% of Wave 3, it suggests a strong trend that is likely to produce a dynamic Wave 5.
A key Fibonacci retracement level and the most common target for Wave 4 corrections. When Wave 4 retraces exactly 38.2% of Wave 3, it suggests a strong trend that is likely to produce a dynamic Wave 5.