Pivot Point Trade Examples Pivot Points are used to project potential support and resistance levels. The main time periods used are daily, weekly, and monthly pivots. The formula for the daily pivot point, support, and resistance is shown below: Pivot Point = [Yesterday's High + Yesterday's Low + Yesterday's Close] / 3 A 15-minute chart of the mini-Dow futures contract and the corresponding floor trader pivots are shown below:
Support Levels
S1 = [Pivot Point * 2] - Yesterday's High S2 = Pivot Point - Yesterday's High + Yesterday's Low S3 = S2 - Yesterday's High + Yesterday's Low
Resistance Levels
R1 = [Pivot Point * 2] - Yesterday's Low R2 = Pivot Point + Yesterday's High - Yesterday's Low R3 = R2 + Yesterday's High - Yesterday's Low To calculate weekly or monthly numbers, simply replace "yesterday's" with "last week's" or "last month's" high or low.
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