Fib lines vs. Pivot Points

Hello. Just curious is it not common or “correct” practice to use both pivot points and Fib Res/Sup lines on the same chart. I guess what I am trying to ask is what could the possible ramifications be for using both vs. what are the benefits of using both? Thanks!

I would say on one hand, there would be too many lines on your chart and it cause conflicts between which level to pay attentiont to, but on the other hand, if there is a convergence where a pivot and a fib closely match up, it could be a good place to pay attention to. I use both right now myself :smiley:

my charts sometimes end up looking like spider webs with trend lines, support and resistance lines I tried a color code system where I used different colors starting with Yellow for the most important lines through orange to red for the least important