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Create a target zone by further restricting the same ratios, such as 127% or 161.8%.
Published by The Retail Trader · JUL 31, 2026 · Indicators
Fibonacci Extension — Creating a target zone by continuing the same ratios, such as 127% or 161.8%.
This term comes under Indicators, in the section "LEVEL CREATION TOOLS". These are less indicators, and more level-generator:
Other terms in this group — understanding them together is more useful:
• Fibonacci Retracement
• Pivot Points
• CPR (Central Pivot Range)
• Anchored VWAP
• Volume Profile
To read the entire group and all its examples in one place, see the journal "INDICATORS: FORMULA TOOLS" - this term has been taken from there.
This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.