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Old 01-22-2007, 05:42 AM
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Re: Fibonacci Pullback Strategies

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Welcome back to fib fold, soul! I don't use fibs as religiously as others but 50% fib level cannot be ignored (it's the same level as Pivot point in Floor Trader Pivot calculation), this is automatically 2 cluster points in 1. Extremely reliable.

Please explain. If pivot is (H+L+C)/3 and 50% fib level would be from significant high to significant low (H+L)/2, how is this the same number? Are you speaking of a particular case, or are you saying it is always the same?

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