Wick

Pivot points

Trend & Structure

Yesterday's math, today's map

Floor pivots compute a central pivot + supports/resistances from the prior day's high, low, close. Because thousands of traders watch the same math, the levels self-fulfill intraday.

Check yourself

Pivot levels work partly because…

  1. They're magic
  2. Enough traders act on the same formula correct
  3. Exchanges enforce them

Shared reference points concentrate orders. The watching creates the level.

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