23.6% Retracement
23.6% Retracement in Elliott Wave Theory: The shallowest common Fibonacci retracement level. When a correction only reaches the 23.6% level, it indicates extreme strength in the underlying trend. Rarely seen as the sole retracement target for Wave 2 or Wave 4.
What 23.6% Retracement Means
The shallowest common Fibonacci retracement level. When a correction only reaches the 23.6% level, it indicates extreme strength in the underlying trend. Rarely seen as the sole retracement target for Wave 2 or Wave 4.
Where You'll See It
23.6% Retracement appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the fibonacci family of Elliott Wave concepts and shows up most often when analysts are projecting price targets or measuring retracements from the prior swing.
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments