What is Pivot Point?
A technical analysis indicator used to determine the overall trend of the market over different timeframes.
In-Depth Explanation
Practical Example
"The trader uses daily pivot points to identify potential intraday support and resistance levels."
Related Terminology
Support
A price level where a falling market finds buying interest and struggles to break below.
Resistance
A price level where a rising market finds selling pressure and struggles to break above.
Technical Indicator
A heuristic or pattern-based signal produced by the price, volume, and/or open interest of a security or contract used by traders who follow technical analysis.
Bull Market
A market condition where prices are rising or expected to rise.
Tradeable Instruments Affected
Tactical How-To Guides
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