another one of my favorite pivot calcs is Demarks pivots. BIG Institutional traders with Bloomberg terminals use Demarks pivots. The Daily R1 pivot is many times the HOD.
DXY the Weekly P to Weekly s1 pivot this week.
The high this past week was at Demarks Weekly R1 Pivot and then fell on Friday to Demarks Weekly S1 Pivot and then fell to the Traditional S1 pivot, which was the LOD. Pivot 2 Pivot
The Yearly (P) is putting up a strong fight. Perhaps DXY will pullback soon to the Fibonacci yearly s1 pivot?
DXY is making and Head & Shoulders pattern at the Yearly Pivot Point.
Bitcoin algorithms like the traditional weekly pivot points. Last week the weekly (p) was the low and R3 pivot was the high. PivotalPivots.com twitter: @Pivotal_Pivots
so far in 2017, the Price of 1 Bitcoin in USD has traded between the Yearly Pivot)P) and Yearly R1 Pivot(R1). Computer algorithms are programmed to buy and sell at Pivot Points @ PivotalPi9vots.com
Computer algorithms moves price from Pivot point to Pivot Point @ PivotalPivots.com
The YearlyS1 pivot showed us where to cover shorts and buy last Feb., now the Yearly(P) is showing us where to sell some of our position at. Computer algos move price from Pivot2Pivot at PivotalPivots.com
Oil is up $14 since my bottom call on the YearlyS1 pivot last month. My 2016 target is the Yearly Pivot at $45. Price should consolidate here for a few days /week.
CL crude oil futures have ralled excatly 50% off the Yearlys1 pivot
Yesterday, CL oil futures bounced off its YearlyS1 pivot point. We recommended cover shorts there and to look for new long opportunities >$30 at PivotalPivots.com
Yesterday the Dow Jones Index $DJIA $DIA found support right on the YearlyS1 Pivot point. This was the spot to cover remaining shorts and look for new short term long opportunities. That is what one of the Pivots we use at PivotalPivots.com
Institutional traders, market makers, Algos & pro traders all use pivot points to buy & sell. they don't guess!!
WTI crude testing the yearly S3 pivot point.
Institutional traders, market makers, Algos and Pro floor Traders all use a variety of "Pivot Points" to enter & exit trades. follow me on twtter @mpgtrader
the next target for the US dollar is the Yearly R3 pivot point at $89.47
Look for a short term pullback soon on the Dollar and a rally on the Eur/Usd. twitter: mpgtrader