100.0% CFDs Fib Extension Level
We useFibonacci expansion levels to estimate where the cfd trend movement will reach. There are Two important Fibonacci expansion areas: 61.8% and 100.0% CFD Fibo Extension Areas, these are used for taking profit.
100.0% CFDs Fibonacci Extension Level
100.0 CFD Fib Extension Level is not commonly used to set cfd profit-taking orders when trading using the CFD Fibonacci Extension Technical Indicator.
Most cfd traders will use the 61.8% CFD Fibonacci Extension level.
To draw CFD Fibonacci Extension levels on the cfds chart we wait until the cfds price retracement is complete & the cfds price starts to move in original direction of the CFD trend. Where the cfds price retracement reaches is used as chart point 3. CFD Fibo Extension Indicator is plotted using three chart points as illustrated on the trading example illustrated and shown below of how to plot the CFD Fibonacci Extension Technical Indicator Tool.
The Fib expansion example illustrated & displayed below shows the Three Chart Points where the Fib expansion technical indicator is drawn, marked as Chart point 1, Chart point 2 & Chart point 3.
Chart point 1 is where the cfd trend started, Chart point 2 is where the cfd trend pulled back & retraced and Chart point 3 is where the cfd retracement reached as shown on the CFD Fibonacci Extension Technical Indicator Tool example shown below.
The First CFD Fibonacci Extension Level is the 61.8% CFD Fib Extension Level and the second is 100.0 CFD Fib Extension Level shown Below - These CFD Fibonacci Extension Levels are Used by CFD Traders to Set Take Profit CFD Orders
CFD Fibonacci Extension Level - 61.8% CFD Fib Extension and 100.0% CFD Fib Extension Level Used to Set Take Profit CFD Orders
Please note where these CFD Fib Extension areas are drawn - CFD Fib Extension zones are drawn above the Fibo indicator, these are the chart points where a trader will set the takeprofit orders using these CFD Fibo Extension Levels - 100.0% CFD Fibonacci Extension Level is the second Fibonacci Level.
