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Support and resistance of the Pivot points

Discussion in 'General Forex Discussion' started by alnazer, Feb 11, 2013.

  1. alnazer

    alnazer ECZ Newbie

    Mar 2, 2013
    Likes Received:
    These levels are very important, especially that are not taking the level of strength only to confirm or endorsement by studying other technical approval as support and resistance levels along the lines of rising or falling trends or levels Phipponance or historical levels or other.

    And you can be sure of this follow-up for a period of time and note how they relate to the market dramatically.

    How to calculate the resistance and support levels:
    The formula for calculating resistance and support levels are calculated very often for three consecutive resistors and support as follows:

    Resistance 1 = (2 x Pivot) - Lowest Price
    Support 1 = (2 x Pivot) - the highest price

    Resistance 2 = Pivot (Resistance 1 - Support 1)
    Support 2 = Pivot - (Resistance 1 - Support 1)

    Resistance 3 = highest price (2 × (Pivot - the lowest rate))
    Support 3 = lowest price - (2 × (the highest price - Pivot))
  2. Robert Dudash

    Robert Dudash ECZ Member

    Nov 28, 2017
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