The basis of pivot point formulas, which traders use to calculate pivot point numbers, involves several steps. Traders should be able to interpret the rationale behind the calculations. According to the traditional formula, the pivot point is considered as the average of the previous session’s trading range combined with the closing. The support and resistance [...]

Pivot Point Analysis is a price forecasting method that is very popular among professional day traders. There are some others terms, such as price range forecasting or pin-pointing tops and bottoms, that used to refer to the numbers derived by pivot points. The Pivot Point Analysis is considered as a leading indicator rather than a [...]