Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
If break the neckline and fix the price below the neckline the best position to sell
If it has a price pullback to neckline , we will have a stronger fall
It looks like the BTCUD will continue downward since the current trend is downward because it is making lower highs as well as lower lows. I think it will test and break through the 100 EMA around 9600 further down to the missed weekly pivot point near 8600. It also looks like we are forming the right shoulders of a head and shoulders pattern.
The bear flag on the BTCUSD 1D broke south with a price rejection short of 11,000. I expect price to come down and bounce off of the 100 EMA . If it breaks through the 100EMA I can see it possibly going all the way down to the missed weekly pivot around 8600 before rebounding.
There is also what looks like a small head and shoulders that may be setting up on the...
CLV9's relative performance to an assumed Risk Free Rate of $54.00. Pivot highs and lows during the last 8 months are taken as sample series for the calculations. Given the high Sortino ratio, opening long positions around the 54 mark looks reasonable. Wide stops tend to increase odds of landing a trade significantly.
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