Utilize pivot point analysis to anticipate market movements from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
Pivot point analysis is a powerful tool that allows traders to anticipate market movements with a high degree of accuracy. By identifying key support and resistance levels, as well as potential turning points in the market, traders can make more informed trading decisions and increase their chances of success. The concept of pivot points is based on the idea that certain price levels tend to act as magnets for the market, attracting price action and causing reversals or breakouts. By calculating these key levels based on the previous day's price action, traders can establish a framework for analyzing the market and identifying potential opportunities. One of the key benefits of pivot point analysis is its simplicity. By focusing on a few key price levels, traders can cut through the noise of the market and identify the...
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