Looking at this chart, price action is following the fib extension plotted on the chart. A supporting trendline
was added to show an area of support and also to help confirm a good place to put the stop. The first target is at the .618 fib, with price action being used to determine if the whole position should be closed or not.
Also, a Gartley pattern
was plotted, as I was testing out the new feature, and as it turns out the pattern (which was roughly plotted) seems to correspond with the Fib extention , adding additional evidence that PA is following the Fibs.