pivot point

Pivot point is an important point in financial technical analysis. Often used to identify support and resistance levels on price charts. Pivot points are usually calculated based on high prices. Low price and closing price of a previous period. And then used to identify potential support and resistance levels for the next trading session. Traders often use it’s to determine entry and exit points into the market. As well as to evaluate market trends and fluctuations. To use Pivot points effectively, traders need to understand how to calculate them. And use them in specific market environments. Whether for sales reports, financial summaries, or performance metrics, pivot charts offer a versatile and intuitive way to transform data into actionable insights, driving better decision-making and strategic planning.