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