As many know I use supply and demand as well as pivot points. Supply and demand is following the orders. Pivot points is evaluating if price is weakening or strengthening. This is a simple moving pivot averages on the 6hr, daily and weekly. Price is in demand...so I believe, however not in a buy yet as the 6hr pivot point is not moving up meaning price is still weakening or minimally basing. To be of an interest to buy I would like to see the 6hr pivot cross the daily pivot. Longer term the daily pivot crossing the weekly. A different view on moving averages using pivot points.
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kate25
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Ill up date this chart and follow along - the 6hr pivot or average price on the 6hr is strengthening and now above the daily pivot
kate25
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ok so the 6hr pivot is testing the daily pivot but what needs to happen next is a higher daily pivot. Demand continues to hold