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Discover the Magic of Pivot Points: Transform Your Trading Strategy Today!😱 #shorts #rmoney

Playlist: Master Market Psychology in Just 60 Seconds
Duration: 00:23 | Views: 216 | Likes: 9

Learn about Pivot points are a popular technical analysis tool used to identify potential levels of support and resistance in an asset's price. They are calculated using the asset's high, low, and closing prices from the previous trading period.

There are several different types of pivot points, including standard, Fibonacci, and Camarilla pivot points. Each type uses a slightly different formula to calculate the pivot point and associated support and resistance levels.

Traders often use pivot points in combination with other technical indicators, such as moving averages or trend lines, to make trading decisions.

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