Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days move and trades are entered when the market hits a support or resistance line of the pivot point providing your OB/OS indicator is in agreement All the support and resist lines are put in place 1st thing in the morning

What is Support and Resistance Levels in Stock Trading Support and resistance are specific price areas or price levels which either support prices on declines in up trends or which resist prices on rallies in down trends