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Definitions from the Web

Retracement

Definition:

A retracement refers to a temporary reversal in the direction of a price movement in financial markets, typically following a significant move upwards or downwards. It is a technical analysis tool used by traders to identify potential levels of support or resistance within a trend.

Examples:

As a noun:

1. The stock market experienced a retracement after reaching an all-time high.
2. Traders closely monitor retracements to determine optimal entry or exit points.

As a verb:

1. The price retraced to a key level before continuing its upward trend.
2. Investors often need to calculate Fibonacci retracement levels to analyze market charts effectively.

Possible Related Products:

• Technical Analysis Books
• Stock Trading Software