The pivots tool utilizes the traditional pivot points calculation with a twist.
Based on previous price action, indicated levels (R and S) above and below current price, point towards significant price decision levels where price gathers greater chances of turning.
Traders also use these levels as targets to capitalize on market moves occurring within these levels and/or from level to level.
R – Resistance (level above the current price)
S – Support (level below the current market price)
Weekly levels calculated at the start of each month
Daily levels calculated at the start of each week.
1H/4H levels calculated at the start of each day.
M15/M5/M1 levels calculated at the start of each hour.
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Leveraged products may not be suitable for everyone and may result in loss of all your capital. Please ensure you fully understand the risks involved and whether trading is appropriate for you. Read Full Risk Disclosure here.