Here is a great example of how TV's free indicator "Pivot Points Standard" can be used. EU started this Month in a Picture Perfect fashion, for anybody watching Pivot Points. Pivot traders take Swings that start or end at the Central Pivot, of the timeframe of interest.
Pivot Strategy: If rejected from Daily Central, target the daily M1. If rejected from Weekly Central, target the weekly M1. If rejected from Monthly Central, target monthly M1. (or vice versa, swing from M1 to the Central).
That term ''Pivot'' is used to describe many different things by different people. BUT there is only ONE true ''Pivot Point'', per each period. The above chart has Daily (blue), Weekly (green) and Monthly (brown) pivots .
See my three chapter Guide to Pivot Points: one of TV's greatest free tools'' below:
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On plan and approaching Weekly M1 where we should see some profit taking if sentiment continues then the Weekly S2 is next target to watch.