27 Fibonacci extension tutorial (Part 27)

In the twenty-seventh episode of the Atlas technical analysis training video series, you will learn about the Fibonacci extension. In the previous videos, you got acquainted with Fibonacci retracement and how to draw it accurately, and you also learned some trading strategies. Now, in this video, you will learn about another type of Fibonacci, i.e. Fibonacci extension. Fibonacci extension is suitable for times when the price has not reacted to the corrective Fibonacci levels and has not experienced a proper return, so we use the Fibonacci extension to determine new ranges that are likely to cause the price to return. The Fibonacci tool is one of the most widely used technical analysis tools, but it cannot be used alone to enter a trade, and you must have other confirmations that we mentioned in the video.