Chartists regard pivots points are as support and resistance levels. The logic being that if the price crosses above a pivot point, then it should continue rising. And, vice versa..
If you are an amateur in the Technical Analysis game, know that besides charts, there are many factors that impact the prices, and that predicting on the basis of charts.
Before using the Commodity Channel Index (CCI), you must know how it works. The CCI first averages each candle by adding the Open, High and Low and dividing it by.
There are four types of technical indicators - trend,momentum, volatility, and volume. Two key trend indicators are Supertrend and Parabolic SAR. Supertrend extrapolates the ATR (Average True Range) and works as.