Fibonacci Extensions A Fibonacci extension uses the concept of extrapolation to determine future target levels based on historical movements in prices.

Fibonacci Expansions and Extensions can be great leading indicator of price targets once a Retracement level is honored. Deciding which tool to use is a personal choice for price targets as both ...

Fibonacci extensions are also commonly used with other chart patterns such as the ascending triangle.

What is Fibonacci retracement? Fibonacci retracement denotes a type of technical analysis to identify the expected support and resistance levels of an asset. It involves the use of several horizontal ...

While Fibonacci ratios are often used to identify retracements, they are also very useful in finding price targets when applied as an extension to the price trend.

The challenge lies in picking the most relevant price points while drawing Fibonacci extension and retracement levels. "It's more of an art than science," Noble said.

Meanwhile, the 1-hour chart hints at the beginning of a new impulsive wave, targeting higher Fibonacci extensions. This analysis breaks down both the broader price trend and the short-term outlook.

Fibonacci Price Extensions can be seen as the blue horizontal levels marked on the chart with the Fibonacci Time Extensions shown by the red and blue vertical lines.

Symmetrical triangle consolidation suggests a potential breakout ahead. Fibonacci retracement at 0.236 ($2.468) is a key support level. Wave (iii) extension target aligns above $3.50 ...