Chapter 5 Fibonacci Pivot Point
The Fibonacci Pivot Point is calculated in the same way as the Classic Pivot Point except that Fibonacci levels are used to calculate additional values. Additional levels can be calculated as follows:
Support Level 1: Classic Pivot Point - (0.382 x (previous session high - previous session low))
Support Level 2: Classic Pivot Point - (0.618 x (previous session high - previous session low))
Support Level 3: Classic Pivot Point - (1.000 x (previous session high - previous session low))
Resistance Level 1: Classic Pivot Point +
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