The document discusses the technique of pivot points to analyze stock price movements and predict future price ranges. It provides formulas to calculate the pivot point as the average of the previous day's high, low, and close prices. Support and resistance levels are then calculated as percentages above and below the pivot point based on the previous day's trading range. The pivot point technique uses previous price action to predict the likely trading range for the current day.
The document discusses the technique of pivot points to analyze stock price movements and predict future price ranges. It provides formulas to calculate the pivot point as the average of the previous day's high, low, and close prices. Support and resistance levels are then calculated as percentages above and below the pivot point based on the previous day's trading range. The pivot point technique uses previous price action to predict the likely trading range for the current day.
The document discusses the technique of pivot points to analyze stock price movements and predict future price ranges. It provides formulas to calculate the pivot point as the average of the previous day's high, low, and close prices. Support and resistance levels are then calculated as percentages above and below the pivot point based on the previous day's trading range. The pivot point technique uses previous price action to predict the likely trading range for the current day.
The document discusses the technique of pivot points to analyze stock price movements and predict future price ranges. It provides formulas to calculate the pivot point as the average of the previous day's high, low, and close prices. Support and resistance levels are then calculated as percentages above and below the pivot point based on the previous day's trading range. The pivot point technique uses previous price action to predict the likely trading range for the current day.