https://www.tradeviewforex.com/room/pivots-calculators/fibonacci
Fibonacci Pivot Point = ( H + L + C ) / 3
Supports
- S1 = Pivot - 0.382 * (H - L)
- S2 = Pivot - 0.618 * (H - L)
- S3 = Pivot - 1.000 * (H - L)
Resistances
- R1 = Pivot + 0.382 * (H - L)
- R2 = Pivot + 0.618 * (H - L)
- R3 = Pivot + 1.000 * (H - L)
Formulas means
- H = Previous day's high.
- L = Previous day's low.
- C = Previous day's closing price.
- S1 = First level of support.
- S2 = Second level of support.
- S3 = Third level of support.
- R1 = First level of resistance.
- R2 = Second level of resistance.
- R3 = Third level of resistance.
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