Analyze Support and Resistance Zones using Indices Pivot Points
How to Interpret Support and Resistance using Indices Pivot Points Strategy
Traders wanting to trade using indices support and resistance levels can use Indices Pivot Points indicator which is used by indices technical traders to calculate Resistance Levels as well as Support Levels for indices price.
Indices Pivot points will calculate 3 Support Levels below the current stock indices price & 3 Resistance Levels above the current indices price.
Traders can use Indices Pivot Points indicator to find where these Support and Resistance Levels are - and then use these Support and Resistance Levels to open their stock indices trades or close their stock indices trades depending on the signals generated by their trading system.
The pivot points stock indices indicator is made up of a central pivot-point which is surrounded by 3 resistance areas above & 3 support areas below
Resistance Level 3
Resistance Level 2
Resistance Level 1
Pivot Point
Support Level 1
Support Level 2
Support Level 3
How to Analyze Support & Resistance using Indices Pivot Points Strategy
Support Levels using Stock Indices Pivot Points
Support Levels in Indices Pivot Points are used to generate buy signals
Buy indices signal - when stock indices trading price moves downwards towards one of the pivot point support level, then price touches the indicator support area or moves slightly through the indicator support area then quickly reverses & starts to move upwards.
Resistance Levels using Indices Pivot Points
Resistance Levels in Indices Pivot Points are used to generate sell signals
Sell indices signal - when stock indices trading price moves upward towards one of the pivot point resistance area, then touches indicator resistance area or moves slightly through the indicator resistance area then quickly reverses & starts to move downwards.
Resistance Levels in Indices Pivot Points are used to generate sell signals
How to Analyze Support and Resistance Zones using Indices Pivot Points
