The Pivotal Fibonacci Zones are zones that are plotted on your chart and used for three different purposes.
- They are zones that may cause price to turn around.
- They are zones if passed thru then price is going further.
- They can be used for target or entries.
The default way to use these zones for the NinjaTrader ES is on a 1 minute chart. As you can see in the image below on 5/22/2019 price used these zone boxes several times as turn around points which makes them great entry or exit tools.
Past Performance Is No Guarantee Of Future Results
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To your Trading Success! The Master Money Bot Team