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Fibonacci Extension Trading Cheat Sheet by Prakhyati Raut is a document available to read on EtoBox.

What is Fibonacci Extension Trading Cheat Sheet about?

Fibonacci extension levels extend beyond the 100% retracement level and are calculated by adding 100 or 200 to the standard Fibonacci ratios of 23.6%, 38.2%, etc. These extended levels often provide hidden support and resistance. To calculate, identify a bullish or bearish swing and draw the Fibonacci extension tool between the swing high and low points, with 0% at the end of the swing. Price reactions or breaks of extension levels like 123.6%, 138.2%, and 261.8% can provide trading opportunities.

Author

Prakhyati Raut

Language

EN