Combine pivot points with other technical indicators for comprehensive analysis from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
When it comes to trading, combining pivot points with other technical indicators can provide traders with a more comprehensive analysis of the market. Pivot points alone can offer valuable support and resistance levels, but when used in conjunction with other indicators, traders can gain a deeper understanding of market trends and potential price movements. One way to enhance the effectiveness of pivot points is to combine them with moving averages. Moving averages can help smooth out price fluctuations and provide traders with a clearer picture of the overall trend. By using pivot points in conjunction with moving averages, traders can identify potential entry and exit points with more confidence. Another useful indicator to combine with pivot points is the Relative Strength Index (RSI). The RSI can help traders determine whether a market is overbought or oversold, which ...
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