Examples of using Fibonacci extension in English and their translations into Indonesian
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Colloquial
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Ecclesiastic
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Computer
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Ecclesiastic
All sold at the fibonacci extension.
A Fibonacci extension can favour this strategy by giving Forex traders Fibonacci based profit targets.
Then, the line CD should be the 1.272 Fibonacci extension of BC.
Traders use the Fibonacci Extension to determine their target profit.
A reversal often occurs at a 127.2 or a 161.8 Fibonacci extension.
You determine the Fibonacci extension levels by using three mouse clicks.
The daily chartshows the price has reached the 127.6 Fibonacci extension, at about 1.3975.
Forex traders use the Fibonacci extension levels as profit taking levels.
When a stock retracesmore than 100% of the prior move, In that case you can calculate a Fibonacci extension.
First bullish target is at $20,823(161.8% Fibonacci extension of the previous bearish movement).
Fibonacci extension levels can be calculated to give the trader a general idea of where the stock may begin to rally.
Second bullish target is at $25,393(261.8% Fibonacci extension of the previous bearish movement).
The Fibonacci extension levels are very useful in analyzing trends in all cases, and scalping is no exception to the rule.
When a stock retraces more than 100% of its prior move, a Fibonacci extension can be calculated.
You can similarly apply Fibonacci extension, which allows you to build a projection of future levels.
On the upside, if price breaks out to new highs,its next level of resistance is the Fibonacci extension level of $18281.68.
The Fibonacci Retracement and the Fibonacci Extension indicators are perhaps the most popular examples.
By scanning through all the major currencies, we notice that the weekly chart(Figure 2)of the euro-dollar is approaching the 127.6 Fibonacci extension.
Traders use the Fibonacci extension levels as potential support and resistance areas to set profit targets.
A low volume market is more swayed by individuals(and not a large group of traders)and therefore may have erratic movements that don't align with the Fibonacci extension levels.
If the price moves aggressively through a Fibonacci extension level, then it is likely heading toward the next one(in theory).
The Fibonacci extension level is a great tool for this purpose since it allows us to guess with a reasonable degree of accuracy the main momentum of the price action.
The combination of the DXY at a double top,the weekly EUR/USD at a 127.6 Fibonacci extension, the RSI at about 5% and a spinning top forming on the daily chart indicates a potential trade(Figure 4, below).
Apply the Fibonacci extension tool to multiple waves, and even different time frames to be aware of different levels which may affect the price of an asset.
If, for example, a trader is long on a stock and the stock begins to generate new highs,the trader can calculate Fibonacci extension levels to get a basic idea of where the stock is likely to fall and is more likely to make profits.
Fibonacci extension levels(also called Fibonacci expansion levels) are most accurate on popular and highly liquid currency pairs, stock index, and futures contracts.
In this section we will discuss the use of the Fibonacci extension levels for the determination of trade direction while scalping trending markets.
Looking at the Fibonacci extension level drawn on the EUR/USD chart above, we can see that a potential price target for a trader holding a short position from the 38% retracement described earlier lies below at the 161.8% level at 1.3195.
Based on these rules, Fibonacci Retracement levels and Fibonacci Extension levels are obtained which can surprisingly explain price movements when applied to the price chart.
Once the reversal occurs we can then draw another Fibonacci extension, but we will keep the old one(s) on the chart as well, since down the road there are additional levels which can still be used such as the 200, 238.2, 261.8 and 300.