Fibonacci extensions predict potential price targets beyond the 100% retracement level. Essential for setting profit goals.
Fibonacci Extensions Explained
Enter key points on the price chart (start, peak, retracement) to calculate extension levels using the
fibonacci extension calculator
.
Using a Fibonacci Extension Calculator
Key Fibonacci extension levels: 61.8%, 100%, 161.8%. These levels represent potential price targets.
Understanding Extension Levels
Example: A stock moves from $50 to $100. Using the Fibonacci extension tool, the target could be $125 at the 161.8% level.
Practical Example
Use the
fibonacci retracement calculator
alongside other technical tools for better accuracy in predicting future prices.
Combining Tools for Accuracy
Precise targeting, risk management, and flexibility make Fibonacci extensions a valuable tool in every trader’s toolkit.
Why Use Fibonacci Extensions?