The best Pivot Point of The Next Day. Author: Aborigen. This is another version of determining the pivot point of the next day.
A pivot point is a technical analysis indicator used to determine the overall trend of the market during different time frames.
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
On a subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.