How Do I Interpret Stock Fibonacci Retracement vs Stocks Fibonacci Expansion?
How Do You Analyze Stock Fibonacci Retracement vs Stock Fibonacci Expansion?
Fib retracement is drawn between 2 chart points but Fibo expansion is drawn using Three chart points.
Stock Fibonacci Retracement indicator example illustrated and explained below - where the stocks trend is moving downwards between Stocks Trading Chart point 1 & Stocks Trading Chart point 2 - then after Stocks Trading Chart point 2 the stocks price retraces then it continues moving up in the original upwards trend. Note that this Stock Fibonacci Retracement indicator is drawn from Stocks Trading Chart point 1 to Stocks Trading Chart point 2 in direction of the trend.
How Do You Analyze Stock Fibonacci Retracement vs Stocks Fibonacci Expansion
Stock Fib Expansion Levels
Fibo retracement indicator is drawn between 2 chart points but Fibonacci expansion is drawn using Three chart points.
To draw these Stocks Fibonacci Expansion levels stocks traders will wait until the stocks price retracement is complete and the price starts to move in original direction of the trend. Where the stocks price retracement reaches - this point is used as chart point 3 for Fibonacci expansion stocks indicator.
The Stocks Fibonacci Expansion indicator example illustrated and explained below shows the 3 chart points where the Stocks Fibonacci Expansion indicator is drawn, marked as chart points 1, 2 and 3. Stocks Chart point 1 is where the stocks trend started, Stocks 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 Stocks Fibonacci Expansion indicator examples illustrated & described below.
How Do You Analyze Stock Fibonacci Retracement vs Stock Fibonacci Expansion?
Please note where these Fibonacci expansion levels are drawn - Stocks Fibonacci Expansion zones are plotted above the Stocks Fibonacci Expansion indicator - these are the points where a trader will set stocks trading take profit orders.
How Do You Analyze Stock Fibonacci Retracement vs Stocks Fibonacci Expansion
