How to recognize/ choose the profitable pivot points?

<p id="isPasted">The pivot point itself is the primary support and resistance when calculating it. This means that the largest price movement is expected to occur at this price.</p><p>The other support and resistance levels are less influential, but may still generate significant price movements.</p><p>Pivot points can be used in two ways. The first way is to determine the overall market trend. If the pivot point price is broken in an upward movement, then the market is bullish. If the price drops through the pivot point, it is bearish.</p><p>The second method is to use pivot point price levels to enter and exit the markets. For example, a trader might put in a&nbsp;limit order&nbsp;to buy 100 shares if the price breaks a resistance level. Alternatively, a trader might set a stop loss at or near a support level.</p><div style="box-sizing: border-box; overflow-wrap: break-word; color: rgb(17, 17, 17); font-family: SourceSansPro, &quot;Source Sans Pro-fallback&quot;, sans-serif; font-size: 18px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 0.05px; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></div><div style="box-sizing: border-box; position: relative;"><div style="box-sizing: border-box; height: 382.225px; overflow: hidden; background: 0px 0px; position: relative; width: 596px; padding-bottom: 0px;" class="forexqa-img-container"><img width="5209" height="3341" data-sizes="750px" alt="Image" data-hi-res-src="https://www.investopedia.com/thmb/chDNJrId4Cd34eHxw1FNgnI5zrk=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/dotdash_Final_Using_Pivot_Points_for_Predictions_Feb_2020-02-83b5a269d06d413b9818146c240848fe.jpg" data-img-lightbox="true" sizes="750px" srcset="https://www.investopedia.com/thmb/VqBpA_0A1kujy1-ChynrMGtyFKI=/750x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/dotdash_Final_Using_Pivot_Points_for_Predictions_Feb_2020-02-83b5a269d06d413b9818146c240848fe.jpg 750w" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1743656731803.png" style="box-sizing: border-box; height: auto; max-width: 100%; background-color: rgb(212, 212, 212); width: 730px; cursor: zoom-in;" class="fr-fic fr-dii fr-draggable forexqa-img"></div></div><p>Image by Sabrina Jiang © Investopedia&nbsp;2020</p><p>While at times it appears that pivot levels are very good at predicting price movement, at other times they appear to have no impact at all. No single technical tool can be relied on exclusively.&nbsp;</p><p>The success of a pivot point system lies squarely on the shoulders of the trader and depends on their ability to effectively use it in conjunction with other forms of technical analysis.</p><p>These other technical indicators can be anything from a MACD to candlestick patterns, or using a moving average to help establish the trend direction.</p><p>The greater the number of positive indications for a trade, the greater the chances for success.</p>