The chart below shows a good setup for a long off the Fibonacci extensions.The 9th bar closes above the opening range high(high of 1st bar).The 10the bar opens above it and triggers an entry long also closing above the opening range high and forming a bullish hammer.Also notice the volume increase on that 9th bar as it closes above the range.Once the previous days highs were taken out at 85.10 and the 5 period sma(light blue line) was tested the position was increased and the exit was planned using the next extension(upper white line).The position was exited completely 4 cents from the target,3bars from the entry.The stock continued slightly higher,but mostly held that upper extension for the bulk of the day,still a good low risk/high reward trade.15 minute chart below.