How to use Pivot Points for binary options trading: By drawing horizontal lines based on average price history, we can identify pivot points. Pivot means average price. There are also custom made indicators that draw pivot levels for you automatically.
So, when many candlesticks touch a certain price, we can call that specific price the average price, or the pivot level. In this video Milos explains how to setup your horizontal lines to draw the pivot levels. Then you can use them together with confirmations from trend analysis, indicators or any other preferred methods, to take either call options or put Options.