How to Analyze 100.0 Fibonacci Expansion Level
We useFibo expansion areas to estimate where the market trend movement will reach. There are Two important Fibonacci expansion areas: 61.8% & 100.0% Fibonacci Expansion Areas, these are used for taking profit.
100.0 Indices Trading Fib Expansion Level
100.0 Indices Trading Fib Expansion Level is not commonly used to set indices profit-taking orders when trading using the Fibo Expansion Technical Indicator.
Most indices traders will use the 61.8% Fibonacci Expansion level.
To draw Fibonacci Expansion levels on the stock indices chart we wait until the stock indices price retracement is complete and the stock indices price starts to move in original direction of the Indices trend. Where the stock indices price retracement reaches is used as chart point 3. Fibonacci Expansion Technical Indicator is plotted using 3 chart points as displayed on the example explained below of how to plot the Fib Expansion Technical Indicator Tool.
The Fibonacci expansion examples explained below shows the 3 Chart Points where the Fibonacci expansion technical indicator is plotted, marked as Chart point 1, Chart point 2 and Chart point 3.
Chart point 1 is where the indices trend started, Chart point 2 is where the indices trend pulled back and retraced & Chart point 3 is where the stock indices retracement reached as shown on the Fib Expansion Indicator Tool example explained below.
The First Fibonacci Expansion Level is the 61.8% Indices Trading Fib Expansion Level & the second is 100.0 Indices Trading Fib Expansion Level shown Below - These Fibonacci Expansion Levels are Used by Indices Traders to Set Take Profit Indices Orders
61.8% Indices Fib Expansion & 100.0% Indices Trading Fib Expansion Level Used to Set Take Profit Indices Orders
Please note where these Fibonacci Expansion zones are plotted - Fibo Expansion zones are drawn above the Fibonacci indicator, these are the chart points where one will set takeprofit orders using these Fibonacci Expansion Levels - 100.0% Fibonacci Expansion Level is the second Fibonacci Level.
