Find Strong Trading Levels Using This Method

Use This Method To Find Strong Inflexion Levels

Support and resistance levels have always been the main element of technical trading. A support level is a demand zone from where the market is expected to bounce while a resistance is a supply zone from where the market is expected to pause.

Introduction to Classic Pivot Points

Pivot points are a way of finding support and resistance levels. They are calculated based on the high, low, and closing prices of the previous trading session to identify potential levels of support and resistance for the current session.

The most commonly used pivot point calculation method is the classic method. It involves the following calculations:

These support and resistance levels are considered potential price levels where the market may reverse its direction, encounter buying or selling pressure, or experience increased volatility.

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