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Bullish move
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- Trading above the pivot point is a bullish move. Trading below it indicates bearish intentions. The idea is to pinpoint potential areas of support or resistance indicating the direction in which the price is trending.
www.investopedia.com/terms/p/pivotpoint.asp
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Jul 11, 2024 · A pivot point is a price level that results from a calculation of previous prices. Trading above the pivot point is a bullish move. Trading below it indicates bearish intentions.
Sep 1, 2024 · A pivot point is a technical analysis calculation used to determine the overall trend of the market over different time frames. The pivot point is simply the average of the high, low, and...
- Justin Kuepper
- 2 min
Jul 29, 2022 · If market prices are trading above a system’s pivot point, the bullish event indicates the day is likely to be positive (upward price movements). If market prices are trading below a system’s pivot point, the bearish event indicates the day is likely to be negative (downward price movements).
Bullish Breach: When the price goes above a pivot point, it’s a bullish sign that indicates an increase towards the following resistance level. Traders might open long positions and aim for profits close to the subsequent resistance.
If the price is above the pivot point, it indicates a bullish market sentiment, while a price below the pivot point suggests a bearish sentiment. Traders should pay attention to how the price interacts with these levels, as they can offer valuable insights into the market’s strengths or weaknesses.
- Dan Ushman
If the market in the next session trades above the pivot point this is seen to be bullish, whereas if the market trades below the pivot point it is seen to be bearish. Pivot points can help determine the direction of movement for a market within the context of a broader trend.
Dec 23, 2022 · A pivot point is the average of the high, low, and closing prices of previous trading sessions and is used to forecast support and resistance levels in the current or upcoming session. If the market trades above the pivot point in the ensuing period, it is generally viewed as a bullish inclination.
