(EUR/BHD)
i
EUR/BHD DeMark's Pivot Points refer to the price level of significance of the EUR/BHD market in technical analysis. It can be used as a predictive indicator of movements in the EUR/BHD market. DeMark formula was developed by Tom DeMark and are totaly different compared to other pivot points. For DeMark's, the main pivot point is not significant. Only the R1 and S1 pivot levels are significant. Support & Resistance concept refers to the movement of the price of an instrument and represents the point at which the supply and demand meet. Support is the price level at which demand is thought to be strong enough to prevent the price from declining further and Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further. There are various kinds of Pivot Points calculations (Classic, Fibonacci, Camarilla and Woodies), on this page the DeMark's way is presented.
