Community Forex Questions
What are the different types of pivot points?
Pivot points are a popular technical analysis tool used to identify potential support and resistance levels in the market. There are several types of pivot points, each with its own calculation method and application. The main types are:

1. Standard Pivot Points - calculated using the previous day's high, low and close prices.
2. Fibonacci Pivot Points - similar to standard pivot points, but with additional resistance and support levels based on Fibonacci ratios.
3. Camarilla Pivot Points - a variation of standard pivot points that includes additional levels of support and resistance, based on the volatility of the market.
4. Woodie's Pivot Points - a modification of standard pivot points that puts more weight on the close price.
5. Demark Pivot Points - a unique method that takes into account both price and time to calculate pivot points.
Each type of pivot point has its own strengths and weaknesses, and traders can choose the one that best fits their trading style and market analysis approach.

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