Bitcoin looks set to rise above $ 8,000 and test $ $ 8,187 (161.8 percent
Fibonacci extension level of the move from the Jul. low - Aug. high - Sep. low).
More recently the
Specialist Extension Level Training Standards have been extended to include training specifically aimed at site staff and technicians in schools and colleges.
The profit target would be determined by a Fibonacci
extension level of the BC move (more on this below).
Price could head up to the $ 10,500 area, which lines up with a
Fib extension level marked in a previous article.
At the Specialist
Extension Levels covering the high risk activities in resistant materials, again, minimum training times are set to ensure that trainees have sufficient time to cover the Standards, the related knowledge and understanding and to complete a range of set practical exercises.
Colleagues working in resistant materials are also recommended to work towards achieving accreditation at the Specialist
Extension Levels related to the specific equipment and processes appropriate to their work.
SIPPS Plus delivers the instructional content of Beginning and
Extension Levels while using reading materials of interest to older students.
There are three levels in the SIPPS program — Beginning and
Extension Levels for grades K — 3 and Challenge Level for grades 2 — 12.
In the second instance, we can observe that it's an extension from the first instance, but in this instance by drawing the Fibonacci
extension levels from the successive waves, a back - up prospect came up after we have taken our profits from the extended position.
Price is currently testing the 38.2 % Fibonacci
extension level at $ 6500 and could be due for more downside.
Note: Remember to apply the same concept to the 141.4 %
extension level of XA when qualifying the BC leg of the pattern as well.
Bitcoin price is resuming its climb after finding support at an area of interest and setting its sights on the
Fib extension levels.
The content of Beginning and
Extension Levels is covered by SIPPS Plus for grades 4 — 12.
The 127.2 and 161.8
extension levels are popular places to take profits or scale out.
Note: The MetaTrader 4 platform doesn't include the 127.2
extension level in the default Fibonacci retracement tool, so you must add 1.272 in the properties of the tool if you want to use that level.
Like any other market indicator, Fibonacci retracement and
extension levels are just a tool.
It would also be confusing to some traders who intend to take their first take profit, for instance, at the 127.2
extension level, but they don't see a 127.2 level.
The F / F strategy is based on some Fibonacci retracement and
extension levels.
The second (i.e. profit) target would be the 161.8 %
extension level of BC (or sometimes the 261.8 %), at which point the position should be closed.
These are the 38.2 % and 50 % retracement levels (the latter, in fact, is not a Fibonacci level), and the 127.2 %, 161.8 % and 261.8 % Fibonacci
extension levels.
Experience shows that the 100 percent Fibonacci
extension level has higher potential to hold than the 50 percent Fibonacci retracement level.
Whichever entry you choose would result to a potential target at the 127 percent Fibonacci
extension level, which was readily attained.
Traders can use
the extension levels as an area to focus on for a target area.
One way could be to wait for price to retrace to a 1.618
extension level and look for signals that tells you price can start to continue in the underlying trend on a larger timeframe.
With all of the significant highs and lows during the day and over the previous few days, there are probably 40 or more Fibonacci retracement and
extension levels that you can find.
Reflects convergence of Fibonacci retracement and
extension levels at point D suggesting stronger level of resistance, thus higher probability for market reversal.
Similar to the retracement levels, the key Fibonacci
extension levels are: 38.2 %, 50.0 %, 61.8 %, as well as the 100 %, 138.2 % and 161.8 % extensions.
It is a special formula that is used to calculate Fibonacci retracement and
extension levels and indicates the analysis of market conditions with the aim of realizing profits in Forex trading by predicting the fluctuations of currencies.