A pivot line (or pivot point) in trading is a key technical analysis indicator used to identify potential support and resistance levels in the market. It is calculated using the previous trading session's high, low, and closing prices. Traders use it to determine market trends and make trading decisions.

Formula for Pivot Point:

Support and Resistance Levels:

Based on the pivot point, additional levels are calculated to predict where the price may find support or resistance:

1. First Resistance (R1):

2. First Support (S1):

3. Second Resistance (R2):

4. Second Support (S2):

How It's Used:

If the price is above the pivot point, it indicates a bullish sentiment.

If the price is below the pivot point, it indicates a bearish sentiment.

Support and resistance levels help traders decide entry, exit, and stop-loss points.

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