Fibonacci Extension Grid
Fibonacci Extension Grid The Fibonacci levels represent trading indicator, graphically on the graph indicating strong, according to the harmonic theory, levels.
In the grid of Fibonacci extensions you will find: correction levels - 23.6%, 38.2%, 61.8%, 76.4% and advanced levels Fibonacci - 38.2%, 61.8%, 100%, 138.2%, 161.8%. The main figure is always 1.618, which defines the harmonic proportion.
Traders actively use Fibonacci levels in trading, most often to identify market reversal points after a pullback.