I know this topic has been discussed ad nauseam, but my question is, what close is used to determine pivot points?
I been getting pivot points off Bloomberg and they use a 5:00 PM New York close to determine the pivot points for the next 24 hours.
Is this generally accepted or are Far East / London closings better.
I been getting pivot points off Bloomberg and they use a 5:00 PM New York close to determine the pivot points for the next 24 hours.
Is this generally accepted or are Far East / London closings better.