Fibonacci Extensions
Levels used in Fibonacci retracement to forecast areas of support or resistance. Extensions consist of all levels drawn beyond the standard 100% level and are used by many traders to determine areas where they will wish to take profits. The most popular extension levels are 161.8%, 261.8% and 423.6%.

Investopedia Says:
In practice, most traders use Fibonacci extensions in combination with other technical indicators/patterns to help them determine appropriate target prices. As this chart shows, the 161.8% level is often used to set the price target on a breakout of an ascending triangle. This specific target is calculated by multiplying the vertical distance of the triangle by the key Fibonacci ratio of 61.8% and then adding the result to the upper resistance of the triangle.

Related Terms:
Breakout
Fibonacci Numbers/Lines
Fibonacci Retracement
Pattern
Price Target
Resistance
Support
Technical Analysis

• Defensive Buy
• Defensive Company
• Defensive Investment Strategy
• Defensive Stock
• Deferment Period
• Deferred Account
• Deferred Acquisition Costs (DAC)
• Deferred Acquisition Costs (DAC)
• Deferred Annuity
• Deferred Charge
• Deferred Income Tax
• Deferred Interest
• Deferred Interest Bond
• Deferred Long-Term Liability Charges
• Deferred Payment Option
• Deferred Profit Sharing Plan (DPSP)
• Deferred Profit Sharing Plan (DPSP)
• Deferred Revenue
• Deferred Share
• Deferred Tax Asset
• Deferred Tax Liability
• Deficiency Agreement
• Deficiency Letter
• Deficit
• Deficit Spending Unit