Fibonacci pivot

Fibonacci pivots are a pivot family that starts from the same central pivot as classic pivots but spaces the surrounding levels using Fibonacci ratios of the prior period's range, commonly 38.2%, 61.8%, and 100%. This blends standard pivot logic with retracement and extension thinking.

For a trader, Fibonacci pivots can add a layer of context for where price might pause within the prior range, and they are most useful when there is a clear range question driving their use.

They become clutter when switched on without knowing which completed high-low range built them or why the extra levels are needed. As with all pivot families, the ratios generate reference levels, not signals, and are best added only when they genuinely improve the read rather than crowd the chart.