I'm having trouble using the Fib Extension tool
Let's say an instrument moves from 50 to 75. That's a 25 point move from what we'll call point A to point B. Now the instrument declines to 43.25, and we'll call that point C. That's a decline of 31.75 points. The length of line segment BC, which is 31.75, is 127% the length of line segment AB, which is 25.
The $64,000 question is -- how do I use the fib extension tool to identify that visually -- where and in what order do I click once I've selected the fib extension tool?
Thanks,
Gordon
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