144, 233, etc fib levels

How do you compute these if you are using standard 61.8, 50, 38.2 lines?

Are these actually price extension? If so, how do you compute these levels?

They are the basis of Fibonacci's work.

Any number in the series is = to the sum of the previous 2 numbers.
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, ....

Any number in the series Divided by the previous number will give you ~ 1.618 { the Golden Ratio}

100% of a price move Divided by 1.618 = 61.8%
61.8% of a price move Divided by 1.618 = 38.19%

50% is Not in the Sequence. Merely observed by Trades.

They are plotted as Pips Above AND/OR Pips Below a significant Price or Indicator.
ie 144 Pips Over/Under a 28 EMA

B

I might be wrong, but you are confusing your pips with your percents..

from 1.2000 to 1.2385, that's 385 pips..

385 * 61.8% = 238 pips or "location" 1.2238
385 * 38.2% = 147 pips or "location" 1.2147

These would be "in theory" your fib levels based on percentages.

Now assuming your price was 1.2000, and you wanted to go straight pips on it.

then your strikes would be:

1.2000 + 89 pips = 1.2089
1.2000 + 144 pips = 1.2144
1.2000 + 233 pips = 1.2233


Would be potential "take profit" strikes.