Many traders are confuse with Fibonacci Expansion and Extension. The primary usage is for projection of price target and below picture explains the concept of the two.
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| Explanation of Fibonacci Expansion and Extension |
Wednesday, August 25, 2010
Forex Trading Tips and Tricks - Fibonacci Expansion (Extension)
(This is a mini-series of Forex Trading
tips and tricks by Eric Lye in his Forex Trading Blog. Our
objective is to help traders learn how to trade Forex properly, be
educated and excel in their career)
Many traders are confuse with Fibonacci Expansion and Extension. The primary usage is for projection of price target and below picture explains the concept of the two.
Many traders are confuse with Fibonacci Expansion and Extension. The primary usage is for projection of price target and below picture explains the concept of the two.
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