Pivot points are major support and resistance levels where there likely to be a retracement
of price used by traders to objectively determine potential entry and exit levels of underlying assets.
Pivot point breaks can be an entry marker, confirmation of trend direction
also confirmation of trend reversal -exit marker.
These retracement calculation is based on the last day trading data as we follow
the market open, high, low, close on every day.
You can also calculate these pivot level on weekly basis.
For weekly pivot you need to weekly high, low, and close prices.
