How Do You Calculate Fibonacci Expansion Levels CFDs Indicator on CFD Charts?

To Calculate CFD Fibonacci Expansion levels on cfds charts we use the cfd Fibonacci Expansion Indicator

What are the CFD Fibonacci Expansion Levels?

• 61.8%CFD Fibonacci Expansion Level
• 100% CFD Fibonacci Expansion Level

We use Fibonacci expansion levels to estimate where the cfds price movement will reach. There are 2 important fibonacci expansion areas: 61.8% and 100% CFD Fibonacci Expansion levels, these level are used for taking profit.

To draw Fib expansion we use Three chart points.

To draw Fibonacci expansion levels we wait until the cfds price retracement is complete & the cfd price starts to move in original direction of the CFD trend. Where the retracement reaches is used as point 3.

The example displayed below shows the 3 Chart Points where the Fibonacci expansion indicator is drawn, marked as chart point 1, 2 and 3. Chart point 1 is where the cfds price cfd trend started, Chart point 2 is where the cfds price cfd trend retraced and chart point 3 is where the cfds price retracement reached as illustrated on the cfd example shown below.

How Do You Calculate Fibonacci Expansion Levels CFDs Indicator on CFD Charts?

The two Fib expansion levels 61.8% and 100% CFD Fibonacci Expansion levels were then drawn above the CFD Fibonacci Expansion Indicator as shown on the cfd example above.