Pivot point plays a very significant role when it comes to the technical analysis of any financial market in the world where trading takes place. To gain an upper hand in trading when compared to others, one has to use the secrets of pivot analysis and predict the movement of the market and where it is headed. Based upon the predictions made, the trader can then choose his best options to invest money in.
This pivot analysis is nothing but a price level that is calculated as an average of significant prices based on the performance of a market in the previous trading period. If the trading takes place above the pivot price, then it is considered to be bullish and if the trading takes pla