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Fibonacci Pivot Strategy

Fibonacci Pivot Points originated from early 1900s floor traders seeking a simple formula for support and resistance levels, later enhanced by Fibonacci ratios discovered by Leonardo Fibonacci in the 1200s. The document outlines the calculation of Fibonacci Pivot Points, including the formulas for determining pivot, resistance, and support levels, as well as strategies for trading based on these points. It emphasizes market bias based on price positioning relative to the pivot and provides specific rules for trading entries and exits.

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21 views2 pages

Fibonacci Pivot Strategy

Fibonacci Pivot Points originated from early 1900s floor traders seeking a simple formula for support and resistance levels, later enhanced by Fibonacci ratios discovered by Leonardo Fibonacci in the 1200s. The document outlines the calculation of Fibonacci Pivot Points, including the formulas for determining pivot, resistance, and support levels, as well as strategies for trading based on these points. It emphasizes market bias based on price positioning relative to the pivot and provides specific rules for trading entries and exits.

Uploaded by

sahusahu708091
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Fibonacci Pivot Points – History to Strategy

■ History of Fibonacci Pivot Points

Pivot Point ka Background:


1900s ke starting me floor traders (pit traders) ne pivot points invent kiye. Unke paas computer aur
charting tools nahi the, isliye unhe ek simple formula chahiye tha jo agle din ke liye support aur
resistance levels calculate kar sake.

Fibonacci Ratio ka Origin:


Leonardo Fibonacci ne 1200s me Fibonacci sequence discover ki. Is sequence se important ratios
nikalte hain – 0.382, 0.618, 1.000 – jo baad me markets me use hone lage. Ye ratios natural market
rhythm aur crowd psychology ko represent karte hain.

Fibonacci Pivot Point ka Janm:


1980s–1990s me jab charting software popular huye, tab traders ne socha ki agar traditional pivot
formula ko Fibonacci ratios ke sath combine karein, to levels aur accurate banenge. Isi se
Fibonacci Pivot Point bana.

■ Formula (Step by Step)

1. Range Calculation:
Range = High – Low

2. Pivot Point:
Pivot = (High + Low + Close) / 3

3. Resistance Levels (R):


R1 = Pivot + (Range × 0.382)
R2 = Pivot + (Range × 0.618)
R3 = Pivot + (Range × 1.000)

4. Support Levels (S):


S1 = Pivot – (Range × 0.382)
S2 = Pivot – (Range × 0.618)
S3 = Pivot – (Range × 1.000)

■ Fibonacci Pivot Points – Usage

1. Agar price Pivot ke upar trade kar raha hai → Market bullish bias me hai.
2. Agar price Pivot ke neeche trade kar raha hai → Market bearish bias me hai.
3. Resistance levels (R1, R2, R3) selling zones hote hain, Support levels (S1, S2, S3) buying zones
hote hain.
4. Breakout trading possible hai jab price kisi level ko tod ke retest kare.

■ User Strategy – Pivot Based Trading

1. Market Opening:
- Agar market Pivot ke upar open hota hai → Bias Buy side (CE).
- Agar market Pivot ke neeche open hota hai → Bias Sell side (PE).

2. Pivot Rule:
- Market agar Pivot ko touch karta hai (upar open hone ke baad neeche aake), to Buy entry hoti hai.
- Market agar Pivot ko touch karta hai (neeche open hone ke baad upar aake), to Sell entry hoti hai.

3. R1 / S1 Rule:
- Agar price R1 ke upar jata hai aur ek green candle close hoti hai jiska body 50% se zyada R1 ke
upar hai → Retest pe Buy karo. Target = R2. Stop Loss = R1 ke neeche.
- Agar price S1 ke neeche jata hai aur ek red candle close hoti hai jiska body 50% se zyada S1 ke
neeche hai → Retest pe Sell karo. Target = S2. Stop Loss = S1 ke upar.

4. Higher Levels:
- Yehi logic R2, R3 ya S2, S3 pe apply hota hai.

5. Exit Rules:
- Profit booking hamesha next pivot level pe hoti hai.
- Stop loss hamesha previous level ke peeche lagta hai.

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