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Maximum technical indicators are lagging and it will give signals after price reaches it's destination. So the best approach for trading and investing should be forecasting tool, which will give you early entry(before the trend starts) and will tell you when to exit(price wise as well as time wise). So, every trader and investor must learn ELLIOTT WAVE Theory.

A pivot point can refer to a critical juncture where a trend changes direction, often aligning with the completion of one wave and the start of another.

Pivot points are psychological and structural turning points that validate wave progressions or indicate potential reversals.

It hereby depends on the structure of waves. But now a days people has many misleading views about it. 

1. Trend Identification
• When TRIX is above zero, it suggests an uptrend.
• When TRIX is below zero, it indicates a downtrend.
2. Signal Line Crossovers
• A bullish signal occurs when TRIX crosses above its signal line.
• A bearish signal occurs when TRIX crosses below its signal line.
3. Divergence
• If price makes a new high but TRIX doesn’t, it may signal a weakening trend (bearish divergence).
• If price makes a new low but TRIX doesn’t, it may indicate a potential reversal (bullish divergence).
4. Why Use TRIX?
• It filters out short-term noise better than many other indicators.
• It’s especially useful for swing traders and trend followers.
• It can be combined with other tools like volume, RSI, or MACD for stronger confirmation.

• Real chart examples
• Strategy building
• Backtesting techniques
• How to combine TRIX with Order Flow and Auction Market Theory