Скачать или смотреть How to use the fibonacci retracement tool AND the Fibonacci extension

The next use of Fibonacci will be using them to find “take profit” targets.
In an uptrend, the general idea is to take profits on a long trade at a Fibonacci Price Extension Level.
You determine the Fibonacci extension levels by using three mouse clicks.

First, click on a significant Swing Low, then drag your cursor and click on the most recent Swing High. Finally, drag your cursor back down and click on any of the retracement levels.

This will display each of the Price Extension Levels showing both the ratio and corresponding price levels. Pretty neat, huh?
The 50.0% Fib level held strongly as support and, after three tests, the pair finally resumed its uptrend. In the chart above, you can even see the price rise above the previous Swing High.
Fibonacci extension level will provide resistance.

ANY of these levels may or may not act as support or resistance.

Another problem is determining which Swing Low to start from in creating the Fibonacci extension levels.

One way is from the last Swing Low as we did in the examples; another is from the lowest Swing Low of the past 30 bars.

Again, the point is that there is no one right way to do it, but with a lot of practice, you’ll make better decisions of picking Swing points.

You will have to use your discretion in using the Fibonacci extension tool. You will have to judge how much longer the trend will continue. Later on, we will teach you methods to help you determine the strength of a trend.

For now, let’s move on to stop loss placement!
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