Fib. Levels


5 0
Hi, I trade the ES off a 5 min. and am trying to get a feel for Fibonacci levels. Where is the most effective placement of this study with regard to the start of the day? Meaning 15:30 the day prior or midnight the actual day. For example, my chart software is automatically placing today's low at midnight. I would think it would be 15:30 yest.

Thanks much.
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