Fibonacci Pivots Points +

Fibonacci Pivots Points +

This Fibonacci pivot point indicator is for use in the Forex markets.  R1 & R2 are 38.2% and 61.8% extensions, R3 is 100% retrace.  Included is a daily 50% retrace to is take advantage of strong market moves by identifying a possible 50% daily retrace target.  Pivots are based on previous OHLC from the previous day

It can be used on Indices (Limited trading hours/cash markets). However, EOD pivots are more effective on index trading.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. smp • 10/28/2021 #

    I also have an End Of Day (EOD) cash pivot indicator for use on cash markets; this indicator works on all index markets; follow this link: https://www.prorealcode.com/prorealtime-indicators/eod-cash-market-pivots-index-trading/

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