Fibonacci Series Question

QUESTION:

Hi Toni,

With the utmost respect for your analytical work that I like,[ basically for its simplicity], I respectively wish to draw your attention to the fact that when dealing with Fibonacci numbers, I have never seen the figure of 1.318 listed.
Yes, I'm aware that the number sequence includes 0.618, .....1.00,.....1.618, ...2.618, etc. and intermixed in that sequence are the figures 0.318, ....1.00, and 1.272, , but not 1.318.

my best authority for this is the book by Bryce Gilmore, "Geometry of markets 11 "- page 8, -Time and Price Measuring Tools.

Thanking you for your most interesting website and emails that I always appreciate very much,
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ANSWER:

Hello,

The 1.318 is just the 100% retracement plus a .318 extension, so I use it as a .318 extension in the opposite direction if that makes sense.

All my best,
Toni