Stay informed about market news and events that can impact pivot points from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
Staying informed about market news and events is crucial for any trader looking to effectively utilize pivot points. The reason behind this is that market news and events can have a significant impact on the price movements of assets, which in turn can influence the accuracy of pivot points.
For example, if there is a major economic announcement or geopolitical event that has the potential to move the markets, it is important for traders to be aware of this information. Such events can cause sudden shifts in market sentiment and volatility, which may lead to pivot points being invalidated or chan...
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