Fundamental Analysis Vs. Technical Analysis

Pivot Points

Wednesday, December 31, 2008

In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.

Why Pivot Points work?

They work simply because many individual traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market.

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