Fibonacci
38.2% Retracement
QUICK DEFINITION
38.2% Retracement in Elliott Wave Theory: 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.
What 38.2% Retracement Means
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.
Where You'll See It
38.2% 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.
LEARN MORE
- → 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