61.8% Retracement
61.8% Retracement in Elliott Wave Theory: The 'golden retracement' level and the most common target for Wave 2 corrections. Derived from the golden ratio (1/1.618 = 0.618). When price reaches this level, it is often the deepest retracement before the next impulse wave begins.
What 61.8% Retracement Means
The 'golden retracement' level and the most common target for Wave 2 corrections. Derived from the golden ratio (1/1.618 = 0.618). When price reaches this level, it is often the deepest retracement before the next impulse wave begins.
Where You'll See It
61.8% 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