Fibonacci Pivot Lines
It is considered one of the very important indicators.
This indicator draws lines that include:
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Daily pivot line
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Drawing Fibonacci lines daily with closing and opening every day and these lines are renewed on a daily basis
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These lines are fixed and do not change with the price change during the daily trading hours, but as we mentioned, they change at the end of the trading day and the opening of the next day.
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And through these lines they are traded … and this indicator is a strategy in its own right for its importance.
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Note the trading process using this indicator is preferred with candles being closed to take a decision on the deal in terms of opening or closing the deal or taking profits.
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