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And these are what we call Fibonacci Extension levels.Īs you probably know, Fibonacci levels help us measure the size of the current price move compared to the previous leg. But there are important Fibonacci levels that extend beyond the 100% level and where price action tends to react regularly. These are considered internal retracements that are measured inside of a specific swing being analyzed. You may already be familiar with these important Fibonacci levels – 23.6%, 38.2%, 50.0%, and 61.8%. Click Here To Download What are the Fibonacci Extension Levels?įibonacci Extensions are also sometimes referred to as Fibonacci Expansions, or Fibonacci Projections and are external levels that go beyond the 100% level. Download the short printable PDF version summarizing the key points of this lesson….