# 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%.