Resistant 3 = High + 2 * (Pivot - Low)
Resistant 2 = Pivot + (R1 - S1)
Resistant 1 = 2 * Pivot - Low
Pivot Point = (High + Low + Close) / 3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2 * (High - Pivot)
How touse that formula:
If the open market in the estimate above figures Pivot that day movement of the price likely to rise, It was time to go in and buy, but if otherwise open market below the pivot did not rule out the trend of the market is down, but remember, do not just stare at one indicator calculation this course, use other indicators as well as a confirmation when you can take a position and when should a quick exit pasa
