// TRADING TERMINOLOGY

What is Fibonacci Extension?

A tool used to predict potential price targets beyond the current trend.

In-Depth Explanation

Extensions are typically used to find where to take profit after a breakout. Common levels include 161.8% and 261.8%.

"After the breakout, the price moved exactly to the 161.8% Fibonacci extension level."

A technical analysis tool used to identify potential support and resistance levels based on the Fibonacci sequence.

An order placed to close a profitable trade once it reaches a specific price target.

A price level where a falling market finds buying interest and struggles to break below.

A market condition where prices are rising or expected to rise.

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