At any rate . we will see retrace at the 423. Then look to reload at the 161.8 and/or 100
I leave this Fib Retracement on my chart. Watch how it will bounce between the lines. It has come down to the .618 and is currently riding it, so I'm going to treat this as a good support line.
If it goes any lower than the 50, and with no volume I'll prob exit the trade. I'm hoping for some volume or good news.
To answer your question about 423... When I see a Fib ext bull trend finally touch the 423 line I exit or reverse my position.
The absolute best way to learn to draw fibs is this way, imo of course. Have fun https://www.youtube.com/watch?v=0b5zIemjPZc