How to use Pivots

Jul 07, 2016 No Comments by

Pivot is the most important level. When the market is above the pivot it’s a bullish signal and when the market is below the pivot, it’s bearish.
Accordingly, some traders will only buy when the market is above the pivot, and they will only take short trades when the market is below the pivot.
Occasionally, when the market is particularly overbought or oversold (look RSI or momentum indicator) the levels can be used to take reversal trades.

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