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Floor Pivot indicators are used to show high probability trade targets based on the Daily, Weekly, and Monthly Pivot Points and Pivot levels.
Pivot Point is a price level of significance used by traders as a predictive indicator of market movement.
It is calculated as an average of the high, low, close in the prior trading period. If the market trades above the Pivot Point it is usually considered bullish sentiment, whereas trading below the pivot point is seen as bearish.
A Pivot Point and the Support and Resistance Pivots levels are often turning points for the direction of price movement. In an up-trending market, the Pivot Point and the Resistance levels may represent a ceiling which the uptrend is no longer sustainable and a reversal may occur.
In a declining market, a Pivot Point and the Support levels may represent a floor by which price opposes further decline.
Floor Pivots differ slightly from standard pivots. The calculations compare Support and Resistance levels to the Pivot Point, instead of comparing the Pivot Point to the previous period’s High and Low.
In this report, you will find five High Probable Trade Targets you can use every day to exit the market with a profit. Whether you are a scalper, intraday trader, swing trader, or a position trader, these High Probable Trade Targets provide you with clearly defined profitable exit objectives matched to your trading style.
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ACM is a registered business name of Asia Capital Markets LLC (316 LLC 2020). Asia Capital Markets LLC is licensed in Saint Vincents and the Grenadines by Saint Vincents and the Grenadines Financial Services Authority (FSA). ACM is licensed to provide brokerage, training and managed account services in foreign exchange/currencies, commodities, indexes, CFD’s and leverage financial instruments.
Market behavior forms symmetrical price patterns as traders initiate, hold, or liquidate positions based on their beliefs and objectives. Studies of the Forex market have shown liquidating orders often cluster around certain support and resistance levels. New entry orders cluster on the opposite side of support and resistance levels and increase in number and size as these levels are broken. This clustering effect creates patterns in price action which indicate potential market movement and direction.
Thus, a technical chart pattern is the collective formation of price as it trends and levels off at areas of support and resistance. The ability to identify a technical chart pattern can promote logical (less emotional) trading activity.
This video series video explains the “secret” of chart patterns, and how you can become a more proficient trader.
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