Pivot Points

Pivot Points
These points are described as the basic term used in the technical analysis. Pivot points representa point where the whole trend in the cost alters. The entire trading asset revolves around the capitalization of the cost trends carefully to the commencement of the particular trend for taking full benefit of cost movements in any of the direction by selling the declining asset or purchasing an ascending asset for increasing gains and decreasing the losses. As these points’ starts occurring, at the starting of the new cost trend, the knowledge of inventing the pivot points is significant for the actualtechnical analysis and general trading. Most of the tools and charts used in the technical analysis mainly focus on these points. Wedges, Trend line breaks, triangle pattern can be regarded as the equipment to invent perfect and effective pivot points. These points can be measured for different time frame including weekly, monthly and regularly.