100.0% Fibonacci Expansion Level - How to Analyze 100.0 Fibonacci Expansion Level
We useFibo expansion levels to estimate where the market trend movement will reach. There are Two important Fibonacci expansion levels: 61.8% & 100.0% Fibonacci Expansion Areas, these are used for taking profit.
100.0 Fib Expansion Level - 100.0% Fibonacci Expansion Level
100.0 Fib Expansion Level is not commonly used to set forex profit taking orders when trading using the Fibo Expansion Technical Indicator.
Most forex traders will use the 61.8% Fibonacci Expansion level.
To draw Fibonacci Expansion levels on the forex chart we wait until the forex price retracement is complete & the price starts to move in original direction of the Forex trend. Where the forex price retracement reaches is used as chart point 3. Fibonacci Expansion Technical Indicator is drawn using 3 chart points as displayed on the trading example below of how to draw the Fibonacci Expansion Technical Indicator Tool.
The Fibonacci expansion example below shows the 3 Chart Points where the Fibonacci expansion technical indicator is plotted, marked as Chart point 1, Chart point 2 & Chart point 3.
Chart point 1 is where the forex trend started, Chart point 2 is where the forex trend pulled back and retraced & Chart point 3 is where the forex retracement reached as displayed on the Fibonacci Expansion Indicator Tool example below.
The First Fibonacci Expansion Level is the 61.8% Fib Expansion Level and the second is 100.0 Fib Expansion Level shown Below - These Fibonacci Expansion Levels are Used by Forex Traders to Set Take Profit Orders
Fibonacci Expansion Level - 61.8% Fib Expansion and 100.0% Fib Expansion Level Used to Set Forex Take Profit Orders
Please note where these Fibonacci Expansion zones are drawn - Fibo Expansion zones are plotted above the Fibonacci indicator, these are chart points where one will set takeprofit orders using these Fibonacci Expansion Levels - 100.0% Fibonacci Expansion Level is the second Fibonacci Level.
