logo

EDUCATION: WHAT IS PIVOT POINT? HOW TO BREAKDOWN IT?

 

 

 

 

The pivot point is one of the necessary subjects to learn before starting to do trades.

What is the pivot point?

The pivot point is the point to calculate the overall movement in the different time frames. The pivot point itself is a sum of High, low and closing prices from the previous day divided by three.
PIVOT POINT=Previous high+previous low+previous close/3.
In the modern trading way, we have a specified indicator to find it out.
No need to calculate Just a click is enough.

BREAKING DOWN PIVOT POINT

The pivot point is often used in conjunction with calculating support and resistance levels, similar to the trend line analysis. The first support and resistance levels are calculated by using the width of the trading range between pivot point either high or low prices of the previous day.

RE-ACTIONARY POINT

The pivot point is considered as a reactionary price level. The Prices tend to pause or deflect when the pivot point is initially tested. Combining pivot points with other trading strategy is a common practice with traders.

HIT LIKE,COMMENT AND FOLLOW FOR MORE UPDATES.

FOREX TRADING / FOREX TRAINING / FOREX ACCOUNT OPENING

CONTACT US

Mail : [email protected] Skype : qmanager.live

Phone : 0091 9600329983 and 0091 9487929983

Whatsup: +91-9600329983 and viber: +91-9600329983

Instagram: https://www.instagram.com/forextamil/

Facebook : www.facebook.com/forextamil4u

Twitter: https://twitter.com/forextamil

Telegram.: https://t.me/joinchat/AAAAAE1NL_LTgtLrGlmbIQ

Pinterest: https://in.pinterest.com/forextamil/

Youtube : www.youtube.com/user/senthamizharasuvta

Tradingview: https://www.tradingview.com/u/forextamil/

website: www.tradingwithtamil.com and www.forextamil.com

Broker: www.ttsmarkets.com

Good Luck…!!

21 Aug 2018 1:40 pm Posted by tamilforex

 
WhatsApp chat