Smart_trade
Thanks for the chart. Every bar except the first one will have a bar before it. Do You call a bar as a pivot only after, the bar later to it has been formed? That means to call 2.30 pm bar a pivot you have a 2.00 pm bar and MUST have a 3.00pm bar ( fully formed) too. Am I right in understanding you?
Also the protrusion of the bar should predominantly visible to qualify to be called a Pivot?? Is it?
Also in a PH the low of the pivot should be higher than the lows on either side, and for Pivot Low the high of the pivot should be lower than the highs on either side of it. Isn't this also a condition. Pl clear these doubts.
vps