Do Pivot Points Really Work?
There is a lot of confusion regarding pivot points, some people find they work very well others do not. Quite simply, many people understand pivot points incorrectly. Many traders think pivot points are trading signals. For example price broke through R1 is a buy signal or broke S1 is a sell signal. Other traders think pivot points show price direction – for example price broke through R1 so it is moving upwards etc. The reality of the situation is pivot points are used to in