61.8% Stocks Trading Fib Expansion Level

We useFibo expansion levels to estimate where the stock trend movement will reach. There are Two important Fibo expansion areas: 61.8% & 100% Stock Trading Fibo Expansion Levels, these are used for profit taking.

61.8% Stocks Fib Expansion Level

61.8 Stock Trading Fib Expansion Level is the most commonly used stock profit taking level when trading using the Stock Fib Expansion Technical Indicator.

To draw Stock Fib Expansion levels on the stock chart we wait until the stocks price retracement is complete and the stocks price starts to move in the original direction of the Stock trend. Where the stocks price retracement reaches is used as chart point 3. Stock Trading Fibo Expansion Technical Indicator is plotted using 3 chart points as illustrated and shown on the stocks trading example illustrated & explained below of how to plot the Stock Fib Expansion Technical Indicator.

The Fib expansion example illustrated and described below shows the Three Chart Points where the Fib expansion indicator is plotted, marked as Chart point 1, Chart point 2 and Chart point 3.

Chart point 1 is where the stock trend started, Chart point 2 is where the stock trend pulled back & retraced and Chart point 3 is where the stock retracement reached as displayed on the Stock Fibonacci Expansion Technical Indicator Tool examples illustrated and described below.

The First Stock Trading Fibo Expansion Level is the 61.8 Stock Fibo Expansion Level shown Below Used to Set Take Profit Stock Orders

Stock Trading Fibo Expansion Level is the 61.8 Stock Fibo Expansion Level shown Below Used to Set Take Profit Stock Orders

Please note where these Stock Trading Fibo Expansion levels are plotted - Stock Trading Fibo Expansion levels are plotted above the Fibonacci indicator, these are the chart points where a trader will place the takeprofit orders using these Stock Fib Expansion Levels - 61.8% Stock Trading Fibo Expansion Levels.