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Market Trend:
...if the pivot point price is broken in an upward movement, then the
market is bullish.
...if the pivot point price is broken in a downward movement, then the
market is bearish.
Buy/Sell Signals:
...putting in a limit order to buy shares if the price breaks a resistance
level.
...set a stop-loss for an active trade if a support level is broken.
Note: Pivot Points are short-term trend
indicators, useful for only 1 day (recalculated daily). |
