100.0 Stock Fibonacci Expansion Level
We useFibonacci expansion areas to estimate where the trend movement will reach. There are 2 important Fibonacci expansion areas: 61.8% and 100.0% Stocks Fibonacci Expansion Levels, these are used for taking profit.
100.0 Stock Fibonacci Expansion Level
100.0 Stocks Fib Expansion Level is not commonly used to set stocks profit taking orders when trading using the Fibonacci Expansion Technical Indicator.
Most stocks traders will use the 61.8% Stocks Fibonacci Expansion level.
To draw Stocks Fibonacci Expansion levels on the stock chart we wait until the stocks price retracement is complete and the price starts to move in the original direction of the Stocks trend. Where the stocks price retracement reaches is used as chart point 3. Stocks Fibo Expansion Technical Indicator is plotted using three chart points as displayed on the examples illustrated and described below of how to plot the Stocks Fib Expansion Technical Indicator Tool.
The Fib expansion examples explained below shows the Three Chart Points where the Fib expansion indicator is plotted, marked as Chart point 1, Chart point 2 & Chart point 3.
Chart point 1 is where the stocks trend started, Chart point 2 is where the stocks trend pulled back and retraced & Chart point 3 is where the stocks retracement reached as displayed on the Stocks Fibonacci Expansion Technical Indicator Tool example illustrated & explained below.
The First Stocks Fibonacci Expansion Level is the 61.8% Stocks Fib Expansion Level and the second is 100.0 Stocks Fib Expansion Level shown Below - These Stocks Fibonacci Expansion Levels are Used by Stocks Traders to Set Take Profit Stocks Orders
Stocks Fibonacci Expansion Level - 61.8% Stocks Fib Expansion and 100.0% Stocks Fib Expansion Level Used to Set Take Profit Stocks Orders
Please note where these Stocks Fib Expansion levels are plotted - Stocks Fibonacci Expansion levels are plotted above the Fib technical indicator, these are chart points where a trader will place the take profit orders using these Stocks Fibonacci Expansion Levels - 100.0% Stocks Fibonacci Expansion Level is the second Fibonacci Level.
