Fibonacci Extension Vs Fibonacci Expansion

[Lexzykool317]

Please Is Fibonacci extension and Fibonacci expansion the same thing?or are they different altogether?

[eddieb]

Have you read the babypips school?
https://www.babypips.com/learn/forex/elementary#fibonacci

[Lexzykool317]

I have.what was explained there was fib extension but what is on the mt4 platform is Fib expansion.that is why I am asking if they are the same thing.

[eddieb]

This article here explains it better than I can

Can You Use Fibonacci As A Leading Indicator?

[anon98339083]

I have.what was explained there was fib extension but what is on the mt4 platform is Fib expansion.that is why I am asking if they are the same thing.

Yes - they’re two different names for the same thing.

[Lexzykool317]

Thanks a lot for the link.

[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] …