A pivot point is a technical analysis indicator used by traders to determine potential support and resistance levels in a market. It is calculated using the high, low, and closing prices of a previous trading period, and often helps traders anticipate future market movements.

Pivot Point

pivot point

technical analysis indicator

Support and resistance levels are critical technical analysis tools used by traders to identify potential price points where an asset's price may experience a reversal or pause. These levels are determined by historical price data and are influenced by market psychology and supply and demand dynamics.

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