Pivot Points - magic or random levels? [Video]

Pivot Points (PP), i.e. turning points are a popular method of determining support and resistance levels. The methodology based on the mathematical formula allows us to determine significant places on the chart only on the basis of the low, high and closing price of the candle. Can such a trivial method be useful in practice? Does the market respect pivot points, or are they just levels that reflect only randomly? We answer these and more questions in this material.

What will you learn from the video

• What are pivot points,
• How support and resistance levels are calculated
• Pivots in practice - coincidence or magic?
• Pivot indicators for the MT4 platform - installation, configuration, operation.

The partner of the educational cycle is Tickmill broker.