What Is Pivot Point?
Pivot Point defined: A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices. A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.
In a nutshell, pivot points are exactly what they sound like – the point at which the market is expected to turn – if it’s been going down, a pivot point is the value at which it will reverse the trend and begin to climb. If it’s b... ( read more )
