Pivot Points
Calculate today's support and resistance levels from yesterday's price action
Uses & Examples
When to Use This Tool
- Setting profit targets at R1/R2/R3 levels before the market opens
- Placing stop losses near S1/S2/S3 support levels
- Determining intraday bias — above pivot = bullish, below = bearish
- Day trading with pivot bounces as entry signals
Worked Example
Worked Example
Yesterday: High $150, Low $140, Close $147
Pivot = ($150 + $140 + $147) / 3 = $145.67
R1 = $151.33, S1 = $141.33
Close above pivot → bullish bias. Watch R1 ($151.33) as first upside target.