Before the advent of computers and charting software, pit traders and market makers used this method to figure out where the markets might be heading. These days, it is part of most traders’ toolboxes, but MoneyShow’s Tom Aspray shows how one special time frame can spot key levels well in advance. Currently if you ask any audience of traders if they have heard of or use pivot levels almost every hand will go up, however that wasn’t always the case.
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