Analyze 100.0 Fibonacci Expansion Level

We use Fibonacci expansion areas to estimate where the market trend movement will reach. There are 2 important Fibonacci expansion areas: 61.8% Fibonacci Expansion Level and 100.0% Fibonacci Expansion Level, these indices fibonacci expansion levels are used for setting indices trading taking profit orders.

100.0 Fibonacci Expansion Level

100.0 Fibonacci Expansion Level is not commonly used to set indices profit taking orders when indices trading using the Fibo Expansion Technical Indicator.

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

To draw Fibonacci Expansion levels stock indices technical indicator 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 stock indices trend. Where the stock indices price retracement reaches is used as chart point 3. Fibonacci Expansion Indices Indicator is plotted using three chart points as shown on the Fibonacci Expansion Indicator example explained below of how to plot the Fibonacci Expansion Areas Technical Indicator Tool.

The Fibonacci expansion stock indices indicator example explained and illustrated below shows the 3 Stock Indices Chart Points where the Fibonacci expansion stock indices indicator is drawn - marked as Stock Indices Chart point 1, Stock Indices Chart point 2 & Stock Indices Chart point 3.

Stock Indices Chart point 1 is where the indices trend started, Stock Indices Chart point 2 is where the stock indices price pulled back & retraced & Stock Indices Chart point 3 is where the indices retracement reached as displayed on the Fibonacci Expansion Areas Indicator Tool example explained below.

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

How to Analyze 100.0% Fibonacci Expansion Level?

Please note where these Fibonacci Expansion zones are plotted on the stock indices chart - Fibonacci Expansion zones are plotted above the Fib Expansion Indicator, these are the stock chart points where a trader will place the indices take profit orders using these Fibonacci Expansion Levels - 100.0% Fibonacci Expansion Level is the second Fibonacci Level.

How to Analyze 100.0% Fibonacci Expansion Level