I just busted my account; I’m adding pivot points to my analysis; so, far they are just pretty good indicators of support resistance (kind of draws S/R lines for you if you’re into price action), without any indication of direction.
There’s several types of pivot points: Classical, Camarilla, Fibonacci, Woodie, etc.
I am using Fibonacci calculations.
Which one of these do you prefer to use and why?
Me only H+L+C /3,. keep it simple, keep is sexy.
Boys from NYC love them and trade on them No Touch every day.
So worth having them as the indication of possible support /resistance.