SR Pivot Points
Pivot Points are objectively calculated price levels that are derived from previous prices. They are widely used in the expectancy that these levels will act as S/R.
Daily Pivot points are calculated from the previous day's prices, and are widely used by day traders.
Monthly and Yearly Pivot Points are calculated from the previous month and year's prices, and tend to be used by longer-term traders.
In this lesson, we will learn how Pivot Points are calculated, and how to use them.