Overview of Pivot Points

    A pivot point is an indicator that is very similar to Fibonacci levels. Pivot points provide support and resistance levels, but is different in that they aren't as subjective as Fibonacci levels. The way pivot points are found is through a series of calculations, but most trading platforms calculate the levels for you. The reason these points are levels of support and resistance is because so many traders are watching them. It becomes a self-fulfilling prophecy.

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