Pivot points are a type of technical analysis indicator commonly used in trading to identify potential levels of support and resistance. There are several different methods for calculating pivot points, but the most common are:
These are the most common pivot point methods, but there are other pivot point calculation methods that traders may use. It's important to keep in mind that pivot points are just one of many tools that traders use to analyze market trends and identify potential trading opportunities, and it's always advisable to use them in combination with other technical indicators and market analysis for a more comprehensive understanding of the market.
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