How to use Pivot Points reversal levels?

Pivot Points are an important tool in technical analysis that helps traders predict potential support and resistance levels in the market. It is calculated based on the previous period's closing, opening, high, and low prices. By using these levels, traders can identify trend reversal points and make decisions about entering or exiting a trade. The main Pivot Points levels are the central point, support levels (S1, S2), and resistance levels (R1, R2). They help minimize risks and improve the accuracy of price movement predictions.