Explanation of Pivots and Pivot Trading Pivots are supports and resistances. Each level is assigned a number from 5-30. The higher the rating the more significant the level. If a pivot is above the market, it could be considered resistance and below support. Once a pivot of significance is broken, the next pivot level is broken indicating a trend day is underway.
Pivot trading is key to successfully analyzing whether the market is bearish or bullish.
When trading pivots, keep a constant watch on when the next time line is scheduled to hit. Never buy if below a pivot and never sell if above a pivot. A trade designed to be held longer than a day but less than three days. An expected price level to be reached. Time Lines are rated.