How Do I Read Commodity Trading Fibonacci Retracement vs Commodity Trading Fibonacci Expansion?

How Do I Trade Commodities Trading Fibonacci Retracement vs Commodity Trading Fibonacci Expansion?

Fibonacci retracement is drawn between 2 chart points but Fib expansion is plotted using 3 chart points.

Commodity Trading Fibonacci Retracement Technical Indicator example shown below - where the commodity trend is moving downwards between Commodities Trading Chart point 1 & Commodities Trading Chart point 2 - then after Commodities Trading Chart point 2 the commodity trading price retraces then it continues moving up in the original upwards trend. Note that this Commodity Trading Fibonacci Retracement Technical Indicator is drawn from Commodities Trading Chart point 1 to Commodities Trading Chart point 2 in the direction of the trend.

How Do I Interpret Commodity Trading Fibonacci Retracement vs Commodity Trading Fibo Expansion?

Commodity Trading Fib Expansion Levels

Fibo retracement indicator is drawn between 2 chart points but Fibonacci expansion is plotted using Three chart points.

To draw these Commodity Trading Fibonacci Expansion levels commodity traders will wait until the commodity price retracement is complete and commodity price starts to move in original direction of the trend. Where the commodity trading price retracement reaches - this point is used as chart point 3 for Fibonacci expansion commodity technical technical indicator.

The Commodity Trading Fibonacci Expansion Indicator example shown below shows the 3 chart points where the Commodity Trading Fibonacci Expansion Indicator is drawn, marked as chart points marked 1, 2 and 3. Commodities Chart point 1 is where the commodity trend started, Commodities Trading Chart point 2 is where the price pulled back and retraced and Chart point 3 is where the price retracement reached as illustrated on the Commodity Trading Fibonacci Expansion Indicator example shown below.

How Do I Trade Commodities Trading Fibonacci Retracement vs Commodity Trading Fibo Expansion?

Please note where these Fibonacci expansion levels are drawn - Commodity Trading Fib Expansion zones are drawn above the Commodity Fibo Expansion Indicator - these are the points where a trader will set commodity take profit orders.

How Do I Trade Commodities Trading Fibonacci Retracement vs Commodity Trading Fib Expansion