4.3 Fibonacci Expansion

Fibonacci Expansion is a great tool to add another level of confluence for entries and targets, especially when assets are at "All time lows and highs".
Similar to the Negative Fibonacci Levels, the Fibonacci Expansion levels are used for price moves which extend beyond the Fibonacci pull range.

Fibonacci Expansion is a great tool to add another level of confluence for entries and targets, especially when assets are at "All time lows and highs".
Similar to the Negative Fibonacci Levels, the Fibonacci Expansion levels are used for price moves which extend beyond the Fibonacci pull range.

Key Points of the Lesson
UTILITY
They add another level of confluences for entries and price targets.
Used for moves that go external from the Fib pull range.
Useful for stocks/coins that go to All-time high (ATH) or all-time low (ATL).

IMPLEMENTATION
Always pull from left to right.
If price goes external from these pivots, use the Fib extension for entries or targets.
Pull a fib from low to high and you see where price might go if it breaks down
Pull a fib from high to low and you see where price might go if it breaks upwards
levels:
1.133
1.272
1.414
1.618
2
2.618
3.618

TIPS & TRICKS
Can be used on every timeframe.
Use different Fib pulls to find confluences.
Can be used with other FIB tools, or horizontal levels.

ALL-TIME LOW (ATL)
Use the last swing low to high.
Useful to generate targets where the move down could find support.

ALL-TIME HIGH (ATH)
Use the last swing high to low.
Useful to generate Take Profit levels.

TAKE HOME MESSAGE
Used for external moves.
Strong confluence builder.
Useful for assets at all-time low/all-time high.
Used for finding price targets.

Levels Fibonacci Expansion