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