Price pivots are best conceptualized with three bars. A three-bar pivot low represents support and is formed when buying pressure turns price from down to up. It is designated by a price bar with a higher low that closes above the previous bar's high, where the previous bar's low is lower than the bar that preceded it. This is true in every time frame.
Source :- http://www.investopedia.com/articles/trading/07/pivots.asp
In the above image, the low on 13-07-2010 is Pivot Low.
Same concept applies to Pivot High.
Source :- http://www.investopedia.com/articles/trading/07/pivots.asp
In the above image, the low on 13-07-2010 is Pivot Low.
Same concept applies to Pivot High.
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