Fibonacci
Fibonacci Extension
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.
EXAMPLE
If Wave 1 travels $10, the 161.8% extension projects Wave 3 to reach $16.18 from the start of Wave 1.