{"product_id":"v11622pivpoi","title":"V.18:2 (16-22):Pivot Points by Jayanthi Gopalakrishnan","description":"Pivot Points\u003cbr\u003e\u003cbr\u003eby Jayanthi Gopalakrishnan\u003cbr\u003e\u003cbr\u003eClassic techniques still work on charts at all time\nlevels, and the most basic charting technique is the\nidentification and development of pivot points. Take\na look.\u003cbr\u003e\u003cbr\u003eCut your losses, ride\nyour profits! That\nadage should be\nfamiliar to all traders,\nand it may buzz\nthrough their minds as\nsomething taken for\ngranted but not easy\nto implement. The\npivot point technique\ncan help you do both.\u003cbr\u003e\u003cbr\u003eFloor traders use pivot points to determine critical price and\nsupport\/resistance levels. It is a relatively simple calculation\nthat can be jotted on the back of a trading card for easy\nreference. Off-floor traders who have the luxury of looking\nat monitors with real-time datafeeds can adopt this technique\nas well.\u003cbr\u003e\u003cbr\u003eCALCULATION\u003cbr\u003e\u003cbr\u003eA pivot point is the price at which the direction of price\nmovement changes. It is calculated using data from the\nprevious trading day. By looking at the high,low,and close,\nyou can calculate the next days pivot point as well as support\nand resistance levels.\u003cbr\u003e\u003cbr\u003eMany variations exist for calculating the pivot point and related support and resistance levels. Here are a few:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134078939505,"sku":"\\V18\\C02\\011PIV.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_59c4f6cf-2b39-4059-a32e-6e016f53c316.jpg?v=1739664950","url":"https:\/\/shop.traders.com\/products\/v11622pivpoi","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}