Calculate classic floor trader pivot points, with three support and three resistance levels, from the previous period's high, low and close.
How pivot points are calculated
- Pivot (P) = (high + low + close) ÷ 3.
- R1 = 2P minus low; S1 = 2P minus high.
- R2 = P + (high minus low); S2 = P minus (high minus low).
- R3 = high + 2 × (P minus low); S3 = low minus 2 × (high minus P).
Worked example
Yesterday’s high was 1.0920, low 1.0840 and close 1.0900. P = 1.0887. R1 = 1.0933 and S1 = 1.0853.
Pivots and Elliott Wave
Pivots are useful for intraday timing. When a pivot level lines up with a Fibonacci level from your wave count, the area gains weight.
Frequently asked questions
What are pivot points?
Support and resistance levels calculated from the previous period's high, low and close.
Which timeframe should I use?
Day traders use the prior day. Swing traders use weekly or monthly values.
Are pivot points the same for every broker?
They can differ slightly because brokers use different daily closing times.
Results are estimates for education and planning. Check contract specifications and costs with your broker before you trade. Disclaimer.
