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How to Analyze 100.0 Indices Trading Fibonacci Expansion Level


We useFibonacci expansionlevels to estimate where the indices trend movement will reach. There are 2 important Fibonacci expansion levels; 61.8% and 100.0% Indices Trading Fibonacci Expansion Levels, 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 trading profit taking orders when trading using the Indices Trading Fibonacci Expansion Indicator.

Most indices traders will use the 61.8% Indices Trading Fibonacci Expansion level.


To draw Indices Trading Fibonacci Expansion levels on the stock indices chart we wait until the stock indexes price retracement is complete and the stock indexes price starts to move in the original direction of the Indices trend. Where the stock indexes price retracement reaches is used as chart point 3. Indices Trading Fibonacci Expansion Indicator is drawn using three chart points as shown on the trading example explained and illustrated below of how to draw the Indices Trading Fibonacci Expansion Indicator Tool.


The Fibonacci expansion example explained and illustrated below shows the 3 Chart Points where the Fibonacci expansion indicator is drawn, 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 and Chart point 3 is where the stock indices retracement reached as shown on the Indices Trading Fibonacci Expansion Indicator Tool example explained and illustrated below.


The First Indices Trading Fibonacci Expansion Level is the 61.8% Indices Trading Fib Expansion Level and the second is 100.0 Indices Trading Fib Expansion Level shown Below - These Indices Trading Fibonacci Expansion Levels are Used by Indices Traders to Set Take Profit Indices Trading Orders

61.8% Indices Trading Fib Expansion and 100.0% Indices Trading Fib Expansion Level Used to Set Take Profit Indices Trading Orders

61.8% Indices Trading Fib Expansion and 100.0% Indices Trading Fib Expansion Level Used to Set Take Profit Indices Trading Orders


Please note where these Indices Trading Fibonacci Expansion levels are drawn - Indices Trading Fibonacci Expansion levels are drawn above the Fibonacci indicator, these are the chart points where a indices trader will set the take profit orders using these Indices Trading Fibonacci Expansion Levels - 100.0% Indices Trading Fibonacci Expansion Level is the second Fibonacci Level.

 

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