Yearly pivots are important...

Discussion in 'Technical Analysis' started by simpleRT, May 23, 2012.

  1. simpleRT

    simpleRT

    I had never thought about it or realized it before. I just noticed that SierraChart fixed their Pivot's so that yearly pivots now work and turned them on.

    We all know daily pivots can move the market for a few minutes, and weekly can move the market for a few hours or so at most... Who knew that daily pivots can move the market for weeks?

    It still kinda amazing... Ill let the chart speak for itself. I have drawn arrows pointing to the key pivot interaction points which prove that yearly pivots are valid and SOLID support/resistance areas.
     
  2. simpleRT

    simpleRT

    Here are 2007 yearly pivots... Amazing!