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Old 04-24-2007, 10:05 PM
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Re: Fib retracements

Couple of levels I like to watch at EOD to prepare for the following day is the 50% fib. Other than that, I use them real time for retracements especially the 50% and 61.8%. The chart below shows a 50% retracement combined with a VAL pivot. I especially like it when the fibs line up with a pivot. Then you got yourself a nice pullback entry.

Note: I made a mistake and labeled that chart VAH. It should be VAL.
Attached Images
File Type: gif fibpullbackwithpivot.gif (24.6 KB, 59 views)

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