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TheDemonTrader

Correlation of Fibonacci Pivots with Crude Oil

Crude Oil Futures (Nov 2018) (NYMEX:CLX2018)  
TheDemonTrader  
NYMEX:CLX2018   Crude Oil Futures (Nov 2018)
Support and Resistance Pivot Points Fibonacci Crude Oil Crude Oil Futures WTI (CL1!) CLX2018 Crude Oil WTI wticrude brentoil
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supportandresistance pivotpoints fibonacci crudeoil cl1! clx2018 usoil wticrude brentoil
I'm doing some observations on using fibonacci pivot as the only Support & Resistance to trade with candle stick. This is what I can see:

Red = monthly pivots
Blue = weekly pivots
Black = daily pivots

It seems quite reliable.

Does anyone knows the real correlation of fibonacci pivots with Crude Oil? What about correlation of Crude Oil with other types of pivot such as Traditional, DeMark, Camarilla, etc. They often call it "the bank math". Which one do they use?
Care to share it here? ;)
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