fib extensions vs projections

NexusFi · 2016-10-17T17:44:11-04:00

can anyone explain why you would use a fib extension off of a minor trend correction to extend out targets of the main trend vs just using projections of the previous main trend to project the next leg? it seems to be the same, but since there are 2 methods i assume there is a reason? thanks

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Updated October 17, 2016

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fib extensions vs projections

October 17th, 2016, 05:44 PM	#1 (permalink)
longhorn12 dallas, tx/ usa Posts: 8 since Jul 2016 Thanks Given: 2 Thanks Received: 0	can anyone explain why you would use a fib extension off of a minor trend correction to extend out targets of the main trend vs just using projections of the previous main trend to project the next leg? it seems to be the same, but since there are 2 methods i assume there is a reason? thanks