The main tool I use is the fib extension. Price has the possibility of reaching the top of the Blue box.
My main tool is the fib extension. price has already completed the first sequence(light blue box) I am looking to see if it will complete the next sequence move and reach the dark blue box
I use the Fib extension tool to measure the impulse move and pullback in order to get my TP(100FE) TP2(161.8FE)
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.