Fibonacci levels projected beyond 100% of a price move (127.2%, 161.8%, 261.8%) used to identify potential profit targets.
Technical analysis traders rely on Fibonacci Extension to read price action objectively. Knowing exactly what it signals — and what it does not — separates disciplined chart readers from gut-feel traders.
The 161.8% Fibonacci extension at $2,100 provided the target for gold's breakout move.
518 trading terms, 311 lessons, and AI-powered signals — all free to start.
Download Free
Discussion