How to Analyze 100.0 Fibonacci Indices Trading Projection Level
We useFibonacci expansion areas to estimate where the market trend movement will reach. There are Two important Fibonacci expansion areas: 61.8% & 100.0% Fibo Projection Areas, these are used for taking profit.
100.0 Indices Trading Fib Projection Level
100.0 Indices Trading Fib Projection Level is not commonly used to set indices profit-taking orders when trading using the Fibo Projection Technical Indicator.
Most indices traders will use 61.8% Fibo Projection level.
To draw Fibo Projection levels on 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. Fibo Projection Technical Indicator is plotted using Three chart points as shown on example explained below of how to plot the Fibonacci Projection 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 Fibo Projection Technical Indicator Tool example explained below.
The First Fib Projection Level is the 61.80% Indices Trading Fib Projection Level & the second is 100.0 Indices Trading Fib Projection Level shown Below - These Fibonacci Projection Levels are Used by Indices Traders to Set Take Profit Indices Orders
61.8% Indices Fib Projection & 100.0% Indices Trading Fib Projection Level Used to Set Take Profit Indices Orders
Please note where these Fibonacci Projection areas are drawn - Fibo Projection areas are plotted above Fibo indicator, these are the chart points where one will set takeprofit orders using these Fibonacci Projection Levels - 100.0% Fibonacci Projection Level is the second Fibonacci Level.
