Lesson 3: Fibonacci Extensions & Targets

Lesson Overview
Fibonacci extensions help project potential profit targets beyond recent price highs or lows.

What Are Fibonacci Extensions
Extensions measure how far price may move after a retracement.

Key Extension Levels
127.2%
161.8%
200%

Target Planning with Fibonacci
Setting realistic profit objectives
Scaling out of positions

Combining Extensions with Market Structure
Using previous highs and lows
Aligning with resistance and support zones

Key Takeaway
Extensions improve trade planning and reward management.