I use the fib extension tool to find my targets.
-Price moves in Sequences or Waves
-Only Buy or Sell in 3,5,7, and 11 swings with trend
-Each swing is defined when a Full extension is met
Once price reach the 100FE it can...
-do a Pullback/Retest and continue the trend to the 161.8FE price line
-or do a reversal
I am using the fib extension tool to see where my next TP will be
TP1 will be the 100FE and TP2 will be the 161.8FE (TP2 is not promised)
price needs to break Point 1 to confirm Bullish setup
If price break Point 2 cancel the Bullish setup.