Definitions for "retracement"
A reversal movement, in price action, that counters a previous advance or decline...
when a stock gives back recent gains before rising again or when just the opposite when falling
A pullback in the opposite direction of the underlying trend. Technical analysts use Fibonacci retracement levels such as 38.2%, 50%, and 61.8% to set corrective targets upon the break of trendline.
Confirmation or reestablishment of land boundary lines and/or corners according to a prior survey.
a countertrend move
A price reaction from the prior move in percent-age terms. The more common retracement levels are 38.2%, 50%, and 61.8%.