There are 3 popular Fibonacci tools viz. Fib retracement, fib extension and fib projection. Most of the times traders get confused with these three and make wrong calculations.
These levels can be calculated manually but most advanced trading platforms provide tools so that you don't have to go through the time consuming process of writing everything on the...
Both the Fibonacci extension levels and Fibonacci projection levels are more or less coinciding. The possible termination levels are as follows.
Around 127% - 33000
Around 138% - 33500
Around 162% - 34600