Pivot Points

PP (Pivot Point) = (Previous High + Previous Low + Previous Close) / 3 Resistance Level 1 = (2 * Pivot Point) - Previous Low Support Level 1 = (2 * Pivot Point) - Previous High Resistance Level 2 = (Pivot Point - Support Level 1) + Resistance Level 1 Support Level 2 = Pivot Point - (Resistance Level 1 - Support Level 1) Resistance Level 3 = (Pivot Point - Support Level 2) + Resistance Level 2 Support Level 3 = Pivot Point - (Resistance Level 2 - Support Level 2)