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Pivot Points Classic techniques still work on charts at all time levels, and the most basic charting technique is the identification and development of pivot points. Take a look…Classic techniques still work on charts at all time levels, and the most basic charting technique is the identification and development of pivot points. Take a look.A […]
Pivots
Pivot Points Classic techniques still work on charts at all time levels, and the most basic charting technique is the identification and development of pivot points. Take a look...Classic techniques still work on charts at all time levels, and the most basic charting technique is the identification and development of pivot points. Take a look.A pivot point is the price at which the direction of price movement changes. It is calculated using data from the previous trading day. By looking at the high, low, and close, you can calculate the next day’s pivot point as well as support and resistance levels. Many variations exist for calculating the pivot point and its related support and resistance levels. Here are a few:
