Fibonacci Charting

Fibonacci Expansion levels are useful for locating price levels that extend outside of the fib pull range. For example, they can be used to locate 'Higher Highs' in a trend, and even provide great estimates as price approaches 'All-Time Highs' (ATH).

When combined with other tools and patterns, you can use Fibonacci Expansion levels to identify both entry and take profit levels.

This is a great stream from the vault, where you get to see our Lead Analyst look for examples of confluence along with our members.

While the price action may be outdated in this stream, the principles will always remain relevant.

Time Stamps

3:15 – BTC TRADE WALKTHROUGH

12:00 – FIBONACCI EXPANSION

• This tool gives targets for external moves (works well with EW)
• If an asset does not hit 1-1 extension that is a big signal of weakness
• The most useful are 0.618, 1, 1.618, 2, 2.618 and also 1.414, 1.133 for patterns
• 1-1 extension is common in sideways movement (correction)
• 618 is common for impulsive PA
• breaking and closing above 1.618 means it is very impulsive and the next target is 2.618
• With this tool, you can find the target for wave 5. Take extension from the bottom of wave 1 to the top of wave 1 to the bottom of wave 4. If wave 3 is not extended (1.618), wave 5 can be higher.

36:43 – EXAMPLES AND Q&A

• In correction when you have (a) and (b) your standard extension is 1-1

1:07:03 – BTC TA and Q&A