Apple Fibonacci Extension: How the 1.272 Target Works
Summary
Hollow Point Trading shares a short lesson on calculating an Apple Fibonacci extension using a completed swing from 336.17 to 337.45. Applying the 1.272 multiplier and adding the original low projects a 337.80 target above the swing high, while emphasizing that the calculation does not predict the probability of reaching it.
https://youtu.be/9HFMgMgV3UY
Apple Fibonacci extension: projection not promise #Shorts
This Apple extension uses a completed swing from 336.17 to 337.45. Multiply the swing range by one point two seven two, then add the original low. That projects 337.80, beyond the original high. Retracements sit inside the original swing; this extension sits above it. The arithmetic does not establish the probability of reaching the target. Keep...
