Examples of using Fibonacci extensions in English and their translations into Indonesian
{-}
-
Colloquial
-
Ecclesiastic
-
Computer
-
Ecclesiastic
These ratios are also known as Fibonacci extensions.
Fibonacci extensions are also an important principle for the popular Elliott Wave theory.
We will also examine thecombined approach while studying the subject of scalping with the Fibonacci extensions in trending markets.
Fibonacci extensions can compliment this strategy by giving tradersFibonacci based profit targets.
Keeping practicality, and basic common sense, in mind, decisions to buy andsell stocks should never be made based solely on Fibonacci extensions.
Harmonic trading could be the art ofrecognizing specific cost habits consistent with Fibonacci extensions and retracements to determine turning points in the economic markets.
Fibonacci extensions consist of levels drawn beyond the standard 100% level and can be used by traders to project areas that make good potential exits for their trades in the direction of the trend.
Harmonic trading is the art ofrecognizing certain price patterns in accordance with Fibonacci extensions as well as retracements to determine turning points in the financial markets.
Fibonacci extensions consist of levels drawn beyond the standard 100% level and can be used by traders to project areas that make good potential exits for their trades in the direction of the trend.
Another very important fact that forextraders should take note of is that Fibonacci Extensions should never be the only determining factor when making position and trading choices.
Fibonacci extensions are applicable to any timeframe, such as monthly charts to one-minute charts, and are tools best used on price waves so projections of future price waves can be generated.
Even though some may call the existence of these ratios a coincidence, it is an acceptable practice byat least a group of traders to use Fibonacci extensions in estimating potential price and profit or loss targets.
It is best, and most practical, to calculate Fibonacci extensions when stocks are at new highs or new lows, and when there are no clear levels of resistance or support on the chart.
These are 5-point inversion structures that containcombinations of well-defined consecutive Fibonacci retracements and Fibonacci extensions, leaving less room for flexible interpretation.
Once you have draw three Fibonacci extensions, you can start to delete the first ones you drew, since your chart will become too cluttered and you will have levels all over the place which is of little value.
Counter-trend scalping is also possible, but since the preferred strategy of most successful traders is trend following,we will concentrate our attention on using Fibonacci extensions in a trend following method in this article.
It is most practical and best to calculate Fibonacci Extensions when stocks are seen to be on new highs and lows and when they are no transparent support or resistance on the Fibonacci chart.
Counter-trend scalping is also possible, but since the preferred strategy of most successful traders is trend following,we will concentrate our attention on using Fibonacci extensions in a trend following method in this article.
The best practical way to use Fibonacci extensions is when the prices of assets are at new highs or lows and there is absolutely no clear date as to what the support or resistance levels are on the charts.
Forex traders use the Fibonacci extension levels as profit taking levels.
You determine the Fibonacci extension levels by using three mouse clicks.
Traders use the Fibonacci Extension to determine their target profit.
A Fibonacci extension can favour this strategy by giving Forex traders Fibonacci based profit targets.
The daily chartshows the price has reached the 127.6 Fibonacci extension, at about 1.3975.
All sold at the fibonacci extension.
The Fibonacci Retracement and the Fibonacci Extension indicators are perhaps the most popular examples.
Then, the line CD should be the 1.272 Fibonacci extension of BC.
A reversal often occurs at a 127.2 or a 161.8 Fibonacci extension.
First bullish target is at $20,823(161.8% Fibonacci extension of the previous bearish movement).
Second bullish target is at $25,393(261.8% Fibonacci extension of the previous bearish movement).