Learning about market Pivot Points is powerful information as you can see in this 15 min Bitcoin session chart, the Pivot Points and their components (S1,R1,R2,R3, etc) are clearly respected by price action
I did a pretty extensive search for a diagram/drawing to better understand the formula for pivot points and I noticed there really are none...
This snapshot of...
Just taking a wider TF look at the pair. We can see a much clearer picture of a the possible ascending triangle that is printing. Weekly supply zone in green denotes the resistance at the top of the triangle. The W1 chart suggests that a clean close above that resistance should have price targeting the orange zone just below the weekly HVN. The D3 chart shows that...
First of all, this is the ICT Breaker concept from ICT (Inner Circle Trader) on YouTube, all credit goes to him.
I've outlined a nice example of this strategy in the chart. I use this a lot and it's really simple to understand and notice once you catch a few of them.
I'd love to see you try to find more examples. Feel free to post them in the comments and we can...
That's a question many traders have.
Unfortunately only the minority can identify the real Swings & Pivots in the markets correct.
Go to the Blog of my website and learn this simple rule and read how you can implement them in your trading.
Maybe your PNL will skyrocket too...
My rules for Pivot & Swing Highs/Low says:
If a H. is broken, the L. is confirmed.
If a L. is broken, the H. is confirmed.
Just with these simple rules one is able to enhance his ability to analyze markets dramatically.
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