Daily Fibo Piv DK Indicator
The Daily Fibo Piv DK Indicator is used to identify key support and resistance levels based on Fibonacci retracement levels alongside traditional pivot points. To trade using this indicator, look for price actions at these levels: when the price approaches a resistance level, consider potential short positions or scaling back on long positions, and vice versa for support levels. Confirm signals with additional tools, such as candlestick patterns or momentum indicators, to increase the reliability of your trades. Always set appropriate stop-loss orders and maintain a risk management strategy.