Fibonacci Extension Vs Fibonacci Expansion

[slyme]

You sure about that?

Is the fibonacci expansion the same as the fib extension levels?

Fibonacci extension and fibonacci expansion are opposites. A fibonacci extension goes in the same direction as an ordinary fibonacci retracement. That is, it’s an extension of the fibonacci retracement. A fibonacci expansion goes in the direction of the original price move (before the retracement). It projects probable price levels in the event of a continuation of the original move. Pictures will make this easier to understand. (Click the images to enlarge them.) [- 1] [- 2] [- 3] …