Woodie Pivot Point Levels
The Woodie Pivot Point Method offers potential exit and entry levels for asset trading that are based on pivot point calculations, weighing double on the previous Close price. Weighing the Close price more means that it focuses on recent momentum more than on the previous High or Low.
Generally, the Woodie pivot method is useful for momentum and breakout traders who seek faster trend signals in fast-trending markets like Nasdaq and Crypto.
In recent periods, when the price opens above the Pivot, it is considered that the market is biased toward bull trades. When the price opens below the Pivot, vice versa. If the price is moving around the Pivot with very small depth, it may signal that the market doesn't have a strong bias at this moment and it is necessary to watch for the next direction.
This post is also published on Medium on April 27, 2025, by the same author.
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