Pivot Points for Intraday Support and Resistance
Calculate and use standard pivot levels for session bias, rejection, breakout, and target planning.
Pivot points derive a central reference and support or resistance levels from prior-period price data. Many traders use daily pivots for intraday planning.
Reading Pivot Levels
Price above the central pivot can support a bullish intraday bias, while price below it can support a bearish bias. R1 to R3 and S1 to S3 provide potential reaction or target areas.
The levels are references, not guaranteed reversals. Strong trends can pass through several levels without meaningful rejection.
Trading Approaches
A rejection strategy waits for a level to hold and price to confirm away from it. A breakout strategy waits for acceptance beyond the level and a retest.
Use current volatility to judge whether distant levels are realistically reachable during the session.
Practical Checklist
- Confirm the pivot calculation period.
- Watch reaction, not touch alone.
- Adapt targets to daily range.