InvestorQ : What is more important from a trading perspective; pivots or Fibonacci retracements?
Niraj Mehta made post

What is more important from a trading perspective; pivots or Fibonacci retracements?

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Niraja Mehta answered.
2 years ago
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If you actually look at it, both have a different role to play in enhancing your trading experience. For example, pivots are more for very short term trading levels and you can use these levels to decide on buying levels, sell levels, stop-losses, profit targets and risk-reward ratios. Fibonacci is more useful as a retracement indicator wherein you want to take a slightly longer term perspective and even investors can use this Fibonacci quite effectively. Fibonacci is best used when you wanted to trade a serious retracement within a more discernible long term trend. Pivot and Fibonacci levels are worth tracking even if you don’t personally use them as indicators in your own trading strategy. Because so many traders do base buying and selling moves on pivot and Fibonacci levels, if nothing else there is likely to be significant trading activity around those price points, activity that may help you better determine probable future price moves.

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