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One of the most popular methods of technical analysis, used by both professional bankers and brokers, is to determine strength and support levels as well as pivot points. Striking these levels indicates a high probability of continuing the trend previously shown. Resistance and support levels are recognized for their ability to mark the appreciation or depreciation of a particular asset. The most commonly used technical analysis tools for determining the strength / support level include trend lines and trend channels, previous and previous minima, mobile environments and fibonacci retractions. The pivot point is a calculated technical indicator as the average between a maximum, a minimum, and the closing prices of a particular asset for the previous time interval. Pivot points serve as resistance or support levels depending on where the current price level is: above or below the pivot point.
