The first one is price action touching its daily
pivot point value somewhere inside of the cash session period.
Resistance held a couple of tests, and regardless of all else the open gap near 840 level (arrow 1) and then daily
pivot point value (arrow 2) were high - odds price magnets to be hit sometime by / before the closing bell rings.
Simply key in the High, Low, and Close values of the previous session and you will get
the Pivot Point values.
Over the course of time, stock index markets touch their daily
pivot point values roughly 70 % of the time.
As we noted earlier, inside a given calendar year, you can count the times on one hand with fingers to spare where two consecutive sessions fail to hit daily
pivot point values.
Not exact matches
The researchers combined these
values with a two - dimensional simulation of the fish's jaws, which fossils indicate could
pivot at several
points.
Pivot Points are calculated
values that serve as support and resistance areas.
To make changes to the starting time of your
pivot point calculations, simply change the
value of «StartHour» or «StartMinute» from 0 to a whole number (positive or negative).
The other six price levels — three support levels and three resistance levels — all use the
value of the
pivot point as part of their calculations.