Section III · The Market Structure Bible · Chapter 10

Fibonacci and pivot points

Fibonacci retracement (0.382, 0.5, golden pocket 0.618–0.65, 0.786) and extension (1.272, 1.618) – how to draw them and when to ignore them. Then pivot points: the formulas for P, R1–R3, S1–S3 and how to use them intraday.