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<p id="isPasted">Pivot points are used by traders of stocks and commodities to predict or anticipate support and resistance levels in the current or upcoming session. Calculated based on the high, low, and closing prices of the previous trading session, pivot points are used to predict price support and resistance levels in the next session.</p><p>These support and resistance levels are used by traders to determine entry and exit points, both for stop-losses and profit-taking.</p><p>Generally, it is seen as a bullish sign if a stock or commodity opens at a price above its previous pivot point. It is a bearish sign …</p>
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