It's term of Technical Analysis in commodity and currency market or stock market.

1. Fibonacci Expansion
By-Rajani Darade

2. Fibonacci Expansion
• Fibonacci Expansions plot possible levels of
support and resistance.
• Fibonacci Expansion especially useful for
picking profit targets when trading trends.

3. • Fibonacci Expansions are price levels created
by tracking a price’s primary move and its
retracement.
• When upward trend the price temporarily
moves opposite to the trend, these moves
pullbacks or retracements.
• It use the more popular 0.618, 1.000 and
1.618 Fibonacci ratios. There are also optional
expansions at the 2.618 and 4.236 levels that
you can add.

4. Use
• In Fibonacci Expansion need to select three
price points to setup the tool properly.
1. The beginning of the primary move.
2. The end of the primary move.
3. The retracement.

6. Fibonacci Expansions to set multiple profit targets for
trades.

7. Real Example