We are what we think; all that we are, arises with our thoughts; with our thoughts, we make the world.

A pivot point and its support/resistance levels are areas at which the direction of price movement can possibly change. Pivot points are especially useful to short-term traders who are looking to take advantage of small price movements.

Pivot points can be used by both range-bound traders and breakout traders. Range-bound traders use pivot points to identify reversal points. Breakout traders use pivot points to recognize key levels that need to be broken for a move to be classified as a real deal breakout.

Pivot Points

PP is the pivot point.

You see 3 lines of resistance, R1, R2, and R3.

You see 3 lines of support, S1, S2, and S3.

There is an indicator that will also draw the mid pivot points between these lines. They can also be useful at times.

Share This:

Gold Trading GCC
Gold Trading GCC
2 Great trading tools
Forex Smart Tools
My Amazon store
Click here to view some amazing books and videos on Amazon.

This selection was handpicked by me.
Checkout another website
www.SafeJokes.com
This FREE website contains clean, safe jokes to get you laughing.