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Date/Time: Tue, 30 Apr 2024 12:13:46 +0000

Post From: Fibonacci Channel

[2014-06-06 18:21:45] Link To Thread - Link To Post [Go To First Post]
User92158 - Posts: 8
Hope this is detailed enough... Use Fibonacci or Woody Pivot Point Formulas. One of those, I believe, is what Floor (pit) traders use for their levels. They're calculated from the previous day's HLC. Fibonacci Pivot Point Woodie Pivots R3 = PP + ((High - Low) x 1.000) R2 = PP + ((High - Low) x .618) R2 = PP + High - Low R1 = PP + ((High - Low) x .382) R1 = (2 X PP) - Low PP = (H + L + C) / 3 PP = (H + L + 2C) / 4 S1 = PP - ((High - Low) x .382) S1 = (2 X PP) - High S2 = PP - ((High - Low) x .618) S2 = PP - High + Low S3 = PP - ((High - Low) x 1.000) Normal Pivots (everyone uses, so MOST IMPT!!) R3 = R1 + (H-L) R2 = P + (H - L) R1 = (2 x P) - L P = (H + L + C) / 3 S1 = (2 x P) - H S2 = P - (H - L) S3 = S1 - (H-L)