Definition
Levels beyond 100%, such as 127.2%, 161.8% and 261.8%, used to project targets for the next move.
Example
After a breakout, the 161.8% level is often used as a target.
Related terms
Forex glossary
Levels beyond 100%, such as 127.2%, 161.8% and 261.8%, used to project targets for the next move.
After a breakout, the 161.8% level is often used as a target.