// TRADING TERMINOLOGY
What is Fibonacci Extension?
A tool used to predict potential price targets beyond the current trend.
In-Depth Explanation
Extensions are typically used to find where to take profit after a breakout. Common levels include 161.8% and 261.8%.
Practical Example
"After the breakout, the price moved exactly to the 161.8% Fibonacci extension level."
Related Terms
Master the language of risk
Knowing the terms is just the start. Learning how to apply them is where the edge is found.
Join Drawdown Free