Quote:
Originally Posted by MarkB
One thing you might like to try is using more than one outstanding pivot for your swing highs in a downtrend, swing lows in an uptrend. That way you can see where different levels cluster together to reinforce the support or resistance. .618 from one swing overlapping .786 from another is stronger than either one alone, in my experience.
Mark
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Good point Mark - Generally when we speak of Fibs we should think more of Fibonacci "zones" rather than levels, and cluster convergences do tend to be better signals that stand alone levels.
