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Trend

Standard Pivot Points

PP

Calculates daily support and resistance levels from the previous bar's high, low, and close. The central pivot point (PP) is the average of those three prices. R1 and S1 are the first resistance and support derived by reflecting the PP across the prior high or low.

Tips

Price often stalls or reverses near pivot levels; fades near R1 and bounces near S1 are common intraday setups
When price opens above PP and holds, the trend is considered bullish for that session; below PP is bearish