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Using "Big Picture" Analysis to Guide Trading Decisions - Brent Penfold
Better System Trader
How Do You Project Resistance When Prices Never Reached?
Brent, thank you for the question. Do you ever use three periods back? I do it on the yearly. What Tim's referring to is that what I've shown you there is static Pivot Points static like one week, one month, one quarter, one year, one decimal. So today, this year is 2022. From my three year Pivot Points, I would say what was the highest yearly high for the last three years of 2021, 2020, 2019? What's the lowest low of the last 3 years? And I take what the close was on the 31st of December 2021 and create like a three period or a threeyear Pivot Point and overlay the range either
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