Fibonaccihotkey XThree clicks — A, B, then C; levels project beyond C

Where a move might reach once it exceeds its old high — the A→B leg projected forward from the C pullback, at the classic ratios.

Three clicks: A and B mark a completed leg, C the pullback after it. The tool projects levels beyond C at multiples of the A→B move — 0.618×, 1×, 1.272×, 1.618×, 2.618× — with 1× ("the next leg equals the last one") the most-watched of them. Retracement measures the pullback; extension asks where the resumption could go.

Arm it (X), click the start of the leg (A), its end (B), then the pullback low (C). The measured path draws dashed; the projected levels run from C to the right edge, labelled with ratio and price.

Universal mechanics: every tool is single-shot (it disarms after each drawing — the pin beside ✏ Draw re-arms it in one click), Esc cancels mid-drawing, clicking a finished drawing selects it for the ✕ Remove chip, and drawings persist per symbol, anchored to their candles.

Extensions are where "it made a new high, now what?" gets reference prices. The 1× projection is the trend behaving consistently; 1.618× is the strong-trend target; a move stalling short of 0.618× says the resumption is weak. As with all Fibonacci work, an extension level that coincides with independent structure carries more weight.

Covered-call writers get the most from extensions: a call strike above the 1× projection leaves room for a normal continuation before the shares are called; a strike below it is priced to be exercised if the trend merely repeats itself. The blended-breakeven floor still governs Recovery Mode strikes — an extension never argues a strike below that floor.

For puts, an extension describes how far the crowd's target map extends overhead — context for whether a post-breakout name still has believers above it.

Like everything in this guide, these are descriptions of conditions and reference levels — context for your own decisions, not instructions to trade.