Fibonacci Extension
Fibonacci Extension in Elliott Wave Theory: Price projections beyond 100% of a measured wave move. Common extension levels are 127.2%, 161.8%, 200%, and 261.8%. Used to project where Wave 3, Wave 5, or Wave C might terminate.
What Fibonacci Extension Means
Price projections beyond 100% of a measured wave move. Common extension levels are 127.2%, 161.8%, 200%, and 261.8%. Used to project where Wave 3, Wave 5, or Wave C might terminate.
If Wave 1 travels $10, the 161.8% extension projects Wave 3 to reach $16.18 from the start of Wave 1.
Where You'll See It
Fibonacci Extension appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the fibonacci family of Elliott Wave concepts and shows up most often when analysts are projecting price targets or measuring retracements from the prior swing.
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments