What Fibonacci level must be broken to say that the downtrend is not just a correction?

There is no specific level in the Fibonacci ratios at which it can be said that there has been a transition from a correction to a complete decline. But there are some levels that are commonly monitored, which are 38.2%, 50%, and 61.8%. When the price breaks the 61.8% level, many traders consider that there could be a change in the basic trend and not just a correction. However, the exact interpretation depends on the overall technical analysis and market situation. It is always important to combine technical analysis with other indicators and ascertain market conditions before making any investment decision.