A popular form of technical analysis is the use Fibonacci price retracements for determining trend changes. Finding the Fibonacci retracements often requires the drawing of a line between two or more points on the chart, in some cases between high point, low points or low to high points. The points chosen are usually subject to interpretation and difficult to understand and hard to relate to the actual stock trade.
The High Probability Fibonacci Trading app finds and identifies the Pivot, Resistance and Support points, predicts the gain and trade probability and specifies the market entry and exit prices.
Using the Fibonacci series, up to four pivot points are located and analyzed for trend, gain and probability using Werner Pivot Points. Werner Pivot Points are derived from the linear regression of the stocks pivot points following the Fibonacci series using the least squares method. Because multiple points are used, the trend and direction is accurately computed. Conventional pivot points only use the average prices from the previous day and offer very little information.