How to Use Fibonacci Extensions The Fibonacci extension is a mathematical-based technical analysis tool used to project price targets.

Using Fibonacci in a Downtrend In a downtrend, Fibonacci retracement levels serve as resistance points where traders expect the price to pause or reverse.

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The Fibonacci extension is a mathematical-based technical analysis tool used to project price targets. The Fibonacci method is my preferred tool to use for offensive selling for two reasons: 1.