Master the Art of Fibonacci Extensions! 📈

Take your technical analysis to the next level with Fibonacci Extensions. Identify potential price targets and plan your trades accordingly.

Key Points:

Fibonacci Retracement: Identify support and resistance levels during a price correction.

Fibonacci Extension: Project potential price targets beyond the initial move.

Common Extension Levels:

61.8%: A popular extension level.

100%: Represents a full retracement of the initial move.

161.8% and 261.8%: More aggressive extension levels.

Remember:

Risk Management: Always use stop-loss orders to protect your capital.

Confirmation: Combine Fibonacci Extensions with other technical analysis tools for increased accuracy.

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