Pivot Points are popular with professional traders.
Daily Pivot Point and Weekly Point Point Levels are considered important levels.
There are many trading strategies that revolve around these pivot points.
You will be surprised to know that there are 5 different ways to calculate these pivot point levels.
Read this blog post in which I explain the 5 different pivot point formulas.
Fibonacci Pivot Point Formula and the Camarilla Pivot Point Formula are popular in day trading.
Woodie's Pivot Point Formula and the Demark Pivot Point Formula are a bit different.
I personally use Fibonacci Pivot Points and the Camarilla Pivot Points.
