How many times have you heard the pivot points of the merchants?
Maybe he dared to ask what it is, and how to calculate
them’ Pivot points are quite amazing and very easy to calculate’
You could say that if a road is 100 meters’ The axis
point is 50 meters mark’ Therefore, the central point is
measuring the half distance’
It has 50 meters from the center of Pivot Point’
Same applies to certain markets’
Suppose we measure the displacement of two points in the last 24 hours’
And instead of calling called PIPS meters’ PIPS is measuring Comment
movements in financial markets’
Therefore, to say that foreign exchange as a pair EUR / USD moves 150 PIPS
last 24 hours’ We want to fix our Pivot Point for nearly 50% of its
75 PIPS distance or high or low, never mind’
The 50% who call Central Pivot Point’ As we
measure all the other levels of support and resistance’
Perhaps the use of Fibonacci Retracements and extensions’ Then
you know that measure the ups and downs with others’ Although the pivot points
measuring an interval of time’
The most common is to have the highest and lowest and
Closing prices of New York midnight’ To calculate the pivot point
Simple, add the three HLC data set and divide by 3′
Like it (H + L + C) / 3′ Review you calculate the focal point’ Try
tomorrow and see what happens around the central axis, just
surprised’