1. What is a Fibonacci extension?
Unlike retracements, Fibonacci extensions calculate targets for a trend's continuation. They address the question, “How far could this rally go?”
2. Key extension levels
📊 Main levels
1.000 (100%): The same size as the preceding wave.
1.272: The first extension target.
1.618, the golden ratio: Described in the original guide as the most frequently reached target.
2.000: Twice the preceding wave.
2.618: An extreme extension, associated here with strong trends only.
3. How to use it
- Select the starting low of an uptrend.
- Drag to the swing high.
- Place the third point at the retracement low.
- The extension levels appear automatically.
4. Practical strategy
- First target: Take partial profit at 1.272.
- Second target: Take additional profit at 1.618.
- In a strong trend, the source suggests using a trailing stop while targeting 2.618 to maximize gains.
5. AI target analysis
The source describes NOONOO TRADING as automatically calculating targets through Fibonacci and other methods, then taking profit at an optimal time.
🃏 Mathematical AI trading
View AI trading results that combine Fibonacci levels and ATR.
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