How Pivot Points Of Negotiation?

The joints are commonly used operators around the world, theses lines to act as the floor trader is also used for them, they act as resistance and support.

Focal Point should be used in different periods, they can be used daily, weekly or monthly.

Here is a statement of claim pivot

R2 = P + (H - L) = P + (R1 - S1)

R1 = (P x 2) - L

P = (H + L + C) / 3

S1 = (P x 2) - H

S2 = P - (H - L) = P - (R1 - S1)

Where H is high, low L and C is near.

R1 is the initial resistance, the first support S1, S2 and second resistor R2 support.

With the exception of a pivot level view, there are other ways to the strength and support.

- Using the latest high and low

- Use of yesterday's high and low

- Use Fibonacci studies

- Using Pivot Woodie

The best way to trade the pivot point is to try increasing or decreasing pattern indicator for confirmation of when the stock is trading near the pivot point level.