Daily Pivot point is a pivot point based intraday trading system, which can be used by traders as a possible indicator of market movement. Pivot points are nothing but support and resistance levels which are key trading tools in any market.
Pivot Points for today’s intraday charts would be based solely on yesterday’s high, low and close. Once Pivot Points are set, they do not change throughout the day. Let’s try to understand the working of this Daily Pivot Points trading system.
