She's gonna bounce around in this area until the end of the month. Squeeze them new daily pivots and then rip.
Pivots are a marker for the average price of open orders, both to buy (S1-5) and sell (R1-5). The pivot itself is the most common price of the two right smack in the middle, a very powerful pull. They change based on the time frame you're in. The larger the time frame the stronger the pull.
Once a new time cycle starts, new pivots are issued. They will expand and contract as orders push the price quick or slow. If they become closer together the move out will be explosive, and you'll have to use other indicators to tell which way she'll break.
You'll often see pivots line up within supply and demand zones. (Again areas of open orders). Give them a watch for a while and see how it plays.
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Pivots are a marker for the average price of open orders, both to buy (S1-5) and sell (R1-5). The pivot itself is the most common price of the two right smack in the middle, a very powerful pull. They change based on the time frame you're in. The larger the time frame the stronger the pull.
Once a new time cycle starts, new pivots are issued. They will expand and contract as orders push the price quick or slow. If they become closer together the move out will be explosive, and you'll have to use other indicators to tell which way she'll break.
You'll often see pivots line up within supply and demand zones. (Again areas of open orders). Give them a watch for a while and see how it plays.
Follow for more
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.