Pivot Points Overview, Techniques, Calculations, and Uses
Pivot points refer to technical indicators used by day traders to identify potential support and resistance price levels in a securities market. Traders use pivot points and the support and resistance levels they provide to determine potential entry, exit, and stop-loss prices for trades. Unlike other trading tools that use long time frames, the pivot point indicator obtains data from a single day of trading. What Are the Pivot Point Time Frames? Hence, instead of focusing on just one single level, they consider a range or a zone. The supports and resistances can then be calculated in the same manner… Read More