Pivot point?

can someone define what pivot point is, in a simple way…?:33:

thanks…

I was going to explain, then I remembered I had this in my forex notes file

Search them on utube if you want to see how traders apply them
Good Luck
Gp

many thanks, superior master…:8:

[QUOTE=“krafty;632404”]can someone define what pivot point is, in a simple way…?:33: thanks…[/QUOTE]

I recommend looking into Pivots. When combined with other types of confluence, they can be a very effective tool. As noted there are many vids on youtube.

wikipedia, hope it helps.

A pivot point is a price level of significance in technical analysis of a financial market that is used by traders as a predictive indicator of market movement. A pivot point is calculated as an average of significant prices from the performance of a market in the prior trading period. …