These can be thought of as levels that are expected to be key battlegrounds in the battle between bears and bulls. Underpinning nearly all forms of technical analysis are the core concepts of support and resistance. Support & Resistance Levels in Pivot Point Trading Pivot Points are a type of indicator used for technical analysis, which provides the basis for determining market trends. Pivot points represent the averages for the highs, the lows, and the closing prices that occur within a trading session or a trading day. Put simply, a pivot point is a price level that is used by professional traders to assess whether prices are bullish or bearish. What is a pivot point in Forex? Pivot points assist traders with determining price movements in financial markets. Support & Resistance Levels in Pivot Point Trading.
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