INTRODUCTION
I will be posting ideas, tips, and information about Support and Resistance lines which from now on I will call Pivots.
A Pivot is the price level in which the trend will find Support and/or Resistance once is reached. Depeding on the Strenght of the Trend compare to the Strenght of the Pivot, the pivot may pause or reverse the trend.
You can find Pivots looking for Highs, Lows and Boxes of volume. The best chart to find pivots usually is a volume chart.
Obviously the bigger the time frame that shows the pivot , the more important the pivot is. It will be a lot more significant a pivot found in daily chart than in a 1k volume chart. But if the pivot is found in the daily chart you should be expecting price react to the pivot in smaller time frames, so the 1k volume chart must show it as well.
These are examples of how to find pivots:
a) Examples of Boxes of volume showing us the Pivot
b) Example of Broken Support that is tested after (Perfect Entry) to continue the trend
c) Example of a Bottom (Be aware of false breakouts of Pivots)
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