How to use pivot points in a daytime strategy?

Trading during the day requires active attention to market trends, and there are several strategies traders can use to make trading during the day much easier with specific decisions. Such a strategy is essential. This strategy uses the previous day's lows, highs, and average closes to analyze market trends. If the previous day's analysis is above the pivot point, the market is expected to follow a bullish character. On the other hand, if the previous day's analysis is below the pivot point, the market is expected to follow a bearish nature. Learn more about Pivot Point Trading Strategy.

The chart has 7 pivot levels, the base pivot level is in the center of the chart, the 3 resistance pivot levels are above the base pivot, and the 3 support pivot levels are below the base pivot.

Wondering what the pivot level is for? Pivot levels help daytime traders calculate the expected points at which prices can rise and resistance can be found. Similarly, pivot levels also help daytime traders calculate the expected points at which prices can fall and support can be found.

Also read:

https://newsnearme24.blogspot.com/2022/07/should-i-trade-in-first-fifteen-minutes.html

https://newsnearme24.blogspot.com/2022/07/trading-at-opening-of-market.html