what is pivot points? well pivot points is the price at which the direction of price movement changes. it is calculated using data from the previous trading day.
so how do you calculate it?
Pivot point = (H + L + C)/3
First support = (2 * Pivot) – H
First resistance = (2 * Pivot) – L
Second support = Pivot – (H – L)
Second resistance = Pivot + (H – L)
*H = high, L = low, C = close
Apply it!!
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