I'm Steve Barton, host of In It to Win It, and in this solo technical-analysis lesson I break down one of my favorite tools for establishing take-profit targets: the trend-based Fibonacci extension.
Technical Analysis Series
In this episode, I show exactly how I draw Fibonacci extensions from a cycle low to a cycle high and then back to the next significant low, while explaining why it's important to consistently use either candle wicks or candle bodies. Using gold as our first example, we examine the 38.2%, 50%, 61.8%, 78.6%, 100%, and 161.8% extension levels and how traders repeatedly reacted around these areas.
I then apply the same process to the S&P 500, showing how Fibonacci levels can help build a staged selling strategy instead of trying to guess the exact top. We map potential targets around 7,900, 8,050, and higher extension levels before moving into historical platinum bull markets. Finally, I demonstrate that Fibonacci extensions work in both directions, including using a cycle high, cycle low, and subsequent high to calculate downside profit targets for bearish trades.
Key Insights In This Episode
✅ Fibonacci extensions can establish staged profit-taking targets before a trade reaches them.
✅ Consistency matters when anchoring Fibonacci points using either candle wicks or candle bodies.
✅ The 61.8%, 100%, and 161.8% extension levels can become important support and resistance zones.
✅ Gold historically showed significant price reactions around multiple Fibonacci extension levels.
✅ S&P 500 targets demonstrate how traders can scale out instead of attempting to sell the exact top.
✅ Fibonacci extensions can also project downside targets for bearish trades and put positions.
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Chapters
00:00 Fibonacci Extension Profit Targets
0:27 Gold Fibonacci Extension Setup
4:33 S&P 500 Fibonacci Extension
7:32 Finding New Measured Moves
9:02 Staging Your Profit Targets
12:22 Platinum Fibonacci Extension
15:50 Fibonacci Downside Targets
16:27 Technical Analysis For Beginners
DISCLAIMER: Steve Barton and In It To Win It are not registered investment advisers or broker-dealers. This is general, impersonal education and opinion - not individualized financial advice. Stocks, price levels, position sizes, and personal trades are not instructions to act. Investing involves risk, including total loss. I may own and trade securities discussed. Any of these links may be affiliate links, meaning at no extra cost to you In It To Win It may get compensation. Any sponsored travel will be disclosed. Information may change without notice. Do your own due diligence and consult a licensed professional. Past performance does not guarantee future results.
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