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What is a pivot point in stock market analysis?

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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...
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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. 

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STOCK MARKET TRADER WITH 7 YEARS EXPERIENCE IN STOCK MARKET AND NSE CERTIFIED

PIVOT POINT GIVES IMPORTANT LEVELS OF SUPPORT AND RESISTANCE IN A DIFFERENT DIFFERANT TIME FRAME.
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