pivot point trading
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pivot point is very important in tech analysis.it makes use of the premise that prices tend to make turns or break outs at certain price levels these are the private points.the pivot points are mainly 7 in number. P,R1,R2,R3,S1,S2,S3. s for support and r for resistances.when a pivot point is broken,it is expected that the price will head towards the next pivot before it can reach a resistance