Identify trend reversals using pivot points as a leading indicator from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
One of the key strategies discussed in "Secrets of a Pivot Boss" is the use of pivot points as a leading indicator to identify potential trend reversals in the market. Pivot points are calculated based on the previous day's high, low, and close prices, and can help traders anticipate potential turning points in the market before they actually occur. By analyzing the relationship between price movements and pivot points, traders can gain valuable insights into the market's overall direction. When a price approaches a pivot point level, it can act as a support or resistance le...
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