Easy Profit With Pivot Point Strategy

Analyzing market movements is an important thing that must be done in investing. There are many ways and strategies that can be done in analyzing price movements in the market, one of the ways in question is the pivot point.

In financial markets, a pivot point is a price level used by traders as an indicator of possible market moves. Pivot points are calculated as the average of the significant prices (high, low, close) of market performance in the previous trading period. If the market in the following period trades above the pivot point it is usually considered as bullish sentiment, while trading below the pivot point is considered bearish.

Pivot Points were originally used by stock and futures traders, but are now commonly used in forex trading, especially for the short term. What is often used is the Daily Pivot Point, which is a Pivot Point that is calculated based on the previous day's closing price. Traders usually use the closing price of the New York market as a benchmark, which is 4:00 p.m EST or around 4:00 am WIB.

The most common way to calculate pivot points is to use the open, high, low and close prices from the previous trading session. If you are confused about which trading session to use as a benchmark, traders can use the trading session that is most widely used by traders from all over the world, namely the American trading session.

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