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Expert traders deploy pivot points to detect key resistance and support levels. A pivot and its related resistances and supports are locations at which price often changes direction. For instance, breakout investors deploy pivot points to identify major levels that must to be broken in order for a breakout to occur. In the ensuing chart, resistances are R1 and R2; the pivot point is P1 and the support levels are S1 and S2.
Irrespective of all precautions, a retracement can easily transform into a full-
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