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Technical Analysis: How Fibonacci Extensions Map 100% Profit Targets

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Breakdown

0:02lesson

Fibonacci extension for take-profit targets

  • Fibonacci extension to establish take-profit targets
  • Tool called trendbased fib extension
  • Find it in Trading View
  • Use on wick or body of candles
1:52lesson

Fibonacci levels as resistance

  • 38.2% extension acts as resistance
  • 50% retracement level tested
  • 618 level as support
  • 100% retracement line as key level
3:46lesson

Accuracy of Fibonacci levels

  • Levels get less accurate beyond 1618
  • 300% move as a reference
  • Short-term levels up to 100% are accurate
5:38lesson

Fibonacci on S&P 500

  • Cycle low to high retracement
  • 38.2% and 50% levels tested
  • 618 level as support
  • 100% retracement as key level
7:33lesson

Fibonacci extension for profit targets

  • 100% retracement at 8,365
  • 1618 level as next target
  • 200% retracement at 8,700
  • Measured move for future levels
9:25lesson

Fibonacci for staged exits

  • 38.2% and 50% as profit targets
  • 618 level as exit point
  • 78.6 and 100% as key levels
  • Trading around Fibonacci levels
11:13lesson

Fibonacci tool for trading

  • Use on wick or body for consistency
  • Magnet tool for alignment
  • 7,900 and 8,500 as targets
  • 100% move as potential peak
12:54lesson

Fibonacci on platinum

  • Cycle low to high retracement
  • 38.2% and 61.8% as support
  • 100% extension as key level
  • 300% retracement as top
14:58lesson

Fibonacci for downside targets

  • Cycle high to low for downside targets
  • 1400, 1250, 1000 as targets
  • Use on both up and down trends
  • Tool for both bullish and bearish trades
16:44lesson

Fibonacci extension tutorial

  • Tool for both up and down trends
  • 3-hour technical analysis series
  • Includes bull flags, trend lines
  • Free YouTube playlist available

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