How are those points calculated?

Chapter 2 How are those points calculated?

Determining a pivot point involves calculating past prices for a given period. There are several methods used to calculate pivot points, with the most popular ones being Woodie's method, Classic method, and Camarilla method.

The pivot point is a market turning point that determines price expectations for the next session. If the price is trading above the pivot point, it indicates that the general trend of the market is bullish. Conversely, if the price is trading below the pivot point, it indicates that