By looking at the high, low, and close,
you can calculate the next day’s pivot point as well as support
and resistance levels.
Many variations exist for calculating the pivot point and its

related support and resistance levels. Here are a few:

• Traditional method

Pivot point = (H + L + C)/3

First support = (2 * Pivot) – H

First resistance = (2 * Pivot) – L

Second support = Pivot – (H – L)

Second resistance = Pivot + (H – L)