*** The Pivot Points table above shows reversal, resistance and support levels that helps trader to determine the overall market trend. There are four major indicators: Pivot, Woddie, Fibonacci and Camarilla. It’s possible to calculate Forex Pivot Point levels based on custom input data as well. The table above has 7 technical levels: 3 “Resistance”, 3 “Support” and “Pivot Point”. The most important levels are Resistance 1, Support 1 and actual Pivot Point. For instance: if market opens above the Pivot Point, then the sentiment of the market is “bullish”, but if market opens below the Pivot Point the sentiment is “bearish”.
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