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Fibonacci retracement

Levels at 38.2%, 50% and 61.8% of a previous move, where pullbacks often pause.

What it means
Traders watch these zones as possible support in an uptrend.
What to watch
How price reacts at a level; many traders use them, which is partly why they matter.
How Compass Alpha uses it
Context only; not used in Compass scores.

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