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Re: YM pivots: fairly useless recently?
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While we are on the subject of pivots....
here is the same YM chart from May 30 (233 tick chart) with my pivot lines on it. Unlike standard pivots which are fixed in cement for the day, these pivots change as the price changes. They are natural pivots in the sense that they are independent of the type of chart you use them on (tick, time, range etc).
Anybody recognize what they are? |
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they look like a VWAP for the day with some kind of atr applied on bands, could that be it ?
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