Fibonacci Extensions

Fibonacci Extensions are levels used in Fibonacci retracement to forecast areas of support or resistance. 

Fibonacci Extensions

Fibonacci Extensions are levels used in Fibonacci retracement to forecast areas of support or resistance. 

 


Application of Fibonacci Extensions

Fibonacci Extensions consist of all levels drawn beyond the standard 100% level and are used by many traders to determine areas where they will wish to take profits. The most popular extension levels are 161.8%, 261.8% and 423.6%.

Illustration of Fibonacci Extensions

Illustration of Fibonacci Extensions



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