Tag - INDICATOR

Pivot Points

Pivot Points are significant levels traders can use to determine directional movement and potential support and resistance levels. They are calculated using the high, low and close of prior trading-period (day, week, month, year). If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish. The resistance and support levels may represent a limit price level where the trend is no...