It's just another level of confluence – what we're looking at is not magic levels, but levels that can cause traders to act, sort of like self-fulfilling prophecies. That's why confluences are more important than single levels because more traders who use diverse methods combine to take the same action (exiting with a profit or putting on a new position) when price hits their level as indicated by their favorite indicator.

So, sometimes great moves come with a long term and short-term Fibonacci level intersect a daily pivot line. That unites three different strategies.

Never tells us exactly what will happen, but puts the odds in favor of a reaction occurring there.

If not, then the stop is close.

You are awesome at explaining T.A. Would you be incline to give an example when Finbonacci levels intersecting with Pivot levels soon? Very curious to what occurs at those particular levels. Thanks.

It's just another level of confluence – what we're looking at is not magic levels, but levels that can cause traders to act, sort of like self-fulfilling prophecies. That's why confluences are more important than single levels because more traders who use diverse methods combine to take the same action (exiting with a profit or putting on a new position) when price hits their level as indicated by their favorite indicator.

So, sometimes great moves come with a long term and short-term Fibonacci level intersect a daily pivot line. That unites three different strategies.

Never tells us exactly what will happen, but puts the odds in favor of a reaction occurring there.

If not, then the stop is close.

You are awesome at explaining T.A. Would you be incline to give an example when Finbonacci levels intersecting with Pivot levels soon? Very curious to what occurs at those particular levels. Thanks.