Fibonacci extension

E569774

A Fibonacci extension is a technical analysis tool that projects potential future price targets beyond a prior swing using Fibonacci-based percentage levels, often applied within Elliott Wave theory.

All labels observed (1)

Label Occurrences
Fibonacci extension canonical 2

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Statements (46)

Predicate Object
instanceOf Fibonacci-based price projection ⓘ
technical analysis tool ⓘ
appliesTo price swings ⓘ
trending markets ⓘ
assistsWith estimating wave termination points ⓘ
setting profit targets ⓘ
assumption past price swings can inform future price targets ⓘ
basedOn Fibonacci ratios ⓘ
Fibonacci sequence ⓘ
calculatedFrom difference between swing high and swing low ⓘ
prior price swing high ⓘ
prior price swing low ⓘ
canBeAppliedTo cryptocurrencies ⓘ
forex ⓘ
futures ⓘ
stocks ⓘ
category charting technique ⓘ
price projection method ⓘ
marketAssumption price movements exhibit Fibonacci-related proportions ⓘ
purpose identify possible resistance levels ⓘ
identify possible support levels ⓘ
project potential future price targets ⓘ
relatedConcept Elliott Wave extensions ⓘ
linked to: Elliott Wave

Fibonacci projection ⓘ
Fibonacci retracement levels ⓘ
timeframe daily charts ⓘ
intraday charts ⓘ
monthly charts ⓘ
weekly charts ⓘ
typicalLevel 100% ⓘ
127.2% ⓘ
138.2% ⓘ
161.8% ⓘ
200% ⓘ
261.8% ⓘ
61.8% ⓘ
usedBy technical analysts ⓘ
traders ⓘ
usedIn Elliott Wave theory ⓘ
linked to: Elliott Wave

financial markets ⓘ
technical analysis ⓘ
usedWith Elliott Wave impulse waves ⓘ
linked to: Elliott Wave

Fibonacci retracement ⓘ
support and resistance analysis ⓘ
trendlines ⓘ
visualizedAs horizontal lines on a price chart ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Elliott Wave → relatesTo → Fibonacci extension ⓘ
Fibonacci retracement → relatedTo → Fibonacci extension ⓘ