Fibonacci Pivot Points are similar to standard pivot points, but they use Fibonacci ratios to calculate the levels of support and resistance. The pivot point is calculated using the previous day's high, low, and close prices, and the levels of support and resistance are calculated using Fibonacci ratios. The most common Fibonacci ratio used in these calculations is the 0.382 ratio.

Here's an example of how to calculate Fibonacci Pivot Points:

Example:

• Yesterday's high = $100

• Yesterday's low = $90

• Yesterday's close = $95

• Pivot point (P) = (H + L + C) / 3

• Pivot point (P) = (100 + 90 + 95) / 3 = $95

• First level of resistance (R1) = P + (0.382 x (H - L))

• R1 = 95 + (0.382 x (100 - 90)) = $97.82

• First level of support (S1) = P - (0.382 x (H - L))

• S1 = 95 - (0.382 x (100 - 90)) = $92.18

• Second level of resistance (R2) = P + (0.618 x (H - L))

• R2 = 95 + (0.618 x (100 - 90)) = $99.18

• Second level of support (S2) = P - (0.618 x (H - L))

• S2 = 95 - (0.618 x (100 - 90)) = $90.82

Similar to the standard pivot points, traders can use Fibonacci pivot points as a basis for their trading decisions, buying when prices hit a support level or selling when they hit a resistance level. But it's important to keep in mind that Fibonacci pivot points, as well as standard pivot points, are not a guarantee of future performance, and that prices may not necessarily conform to the calculated levels, particularly in volatile markets. Traders should use other indicators and market analysis in conjunction with pivot points to make more informed trading decisions.