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What is a pivot ....

Pivot points were first developed by floor traders to predict support and resistance levels in the equity and commodities markets.

They can also help to determine overall market trends, whereby if prices break upward past a certain area they can be considered bullish or, conversely, bearish if they pass below the same region.
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When combined with other technical tools, pivot points are valued among day traders for their ability to analyze price movement of an asset as well as defining the support and resistance levels during a short-term trading session

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