I was going through tutorials on Support / Resistance of Technical Analysis.
Calculation has been shown how to calculate Pivot points.
However I don't understand the importance of the Pivot point.
What does a pivot price mean ? Does it mean maximum trade occurs at this price level ?
Can anyone please clarify importance of pivot points ? how it helps to take decision
Regards
MP
Calculation has been shown how to calculate Pivot points.
However I don't understand the importance of the Pivot point.
What does a pivot price mean ? Does it mean maximum trade occurs at this price level ?
Can anyone please clarify importance of pivot points ? how it helps to take decision
Regards
MP
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