Analyze the market structure through the lens of pivot points from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
When examining the market structure through the lens of pivot points, we gain a unique perspective that allows us to see hidden opportunities and risks that may not be immediately apparent. By using pivot points as a guide, we can identify key levels of support and resistance that can help us make more informed trading decisions. Pivot points act as markers on a chart that indicate potential turning points in price movement. They are calculated based on the previous day's high, low, and closing prices, as well as the current day's opening price. These levels can provide valuable insights into the market's overall sentiment and help us gauge the strength of tr...
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