In an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur. In a declining market, a pivot point and the support levels may represent a low price level of stability or a resistance to further decline. Qualitatively, the second and higher support and resistance levels are always located symmetrically around the pivot point, whereas this is not the case for the first levels, unless the pivot point happens to divide the prior trading range exactly in half.The pivot point itself represents a level of highest resistance or support, depending on the overall market condition. If the market is directionless (undecided), prices will often fluctuate greatly around this level until a price breakout develops. Trading above or below the pivot point indicates the overall market sentiment. It is a leading indicator providing advanced signaling of potentially new market highs or lows within a given time frame.Commonly a third set is also calculated, again representing another higher resistance level R3 and a yet lower support level S3. The method of the second set is continued by doubling the range added and subtracted from the pivot point.
kannada kavanagalu Komale Konarak Payana Bhaga TwoIn an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur. In a declining market, a pivot point and the support levels may represent a low price level of stability or a resistance to further decline. Qualitatively, the second and higher support and resistance levels are always located symmetrically around the pivot point, whereas this is not the case for the first levels, unless the pivot point happens to divide the prior trading range exactly in half.The pivot point itself represents a level of highest resistance or support, depending on the overall market condition. If the market is directionless (undecided), prices will often fluctuate greatly around this level until a price breakout develops. Trading above or below the pivot point indicates the overall market sentiment. It is a leading indicator providing advanced signaling of potentially new market highs or lows within a given time frame.Commonly a third set is also calculated, again representing another higher resistance level R3 and a yet lower support level S3. The method of the second set is continued by doubling the range added and subtracted from the pivot point.
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