What Does Pivot Point Mean Complete Guide

A pin point or short shaft on the end of which something rests and turns or upon and around which something rotates or oscillates. Its because they are OBJECTIVE. Simply put a pivot point and its supportresistance levels are areas at which the direction of price movement can possibly change.

A pivot means an important price level to a trader like an inflection point where they expect price to either continue in the current direction or reverse course.

A pivot point is a technical analysis indicator or calculations used to determine the overall trend of the market over different time frames. The elections may prove to be pivotal in the countrys political history. A shaft or pin on which something turns. A pivotal role point or figure in something is one that is very important and affects the success of that thing.