100.0 Stock Fibonacci Projection Level
We useFibo expansion areas to estimate where the trend movement will reach. There are 2 important Fib expansion areas: 61.80% and 100.00% Fibonacci Projection Areas, these are used for taking profit.
100.0 Stock Fibonacci Projection Level
100.0 Stocks Fib Projection Level is not commonly used to set stocks profit taking orders when trading using the Fibonacci Projection Technical Indicator.
Most stocks traders will use the 61.8% Fibonacci Projection level.
To draw Fib Projection 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. Fibonacci Projection Trading Indicator is plotted using 3 chart points as shown and illustrated on the trading examples illustrated and described below of how to plot the Fib Projection 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 Fib Projection Technical Indicator Tool example illustrated & explained below.
The First Fib Projection Level is the 61.8% Stocks Fib Projection Level and the second is 100.0 Stocks Fib Projection Level shown Below - These Fibonacci Projection Levels are Used by Stocks Traders to Set Take Profit Stocks Orders
Fibonacci Projection Level - 61.8% Stocks Fib Projection and 100.0% Stocks Fib Projection Level Used to Set Take Profit Stocks Orders
Please note where these Fibo Projection areas are plotted - Fibo Projection levels are plotted above the Fibo technical indicator, these are chart points where a trader will place the take profit orders using these Fibonacci Projection Levels - 100.0% Fibonacci Projection Level is the second Fibonacci Level.
