Technical analysis studies market supply and demand to predict future trends. Market discounts everything, price moves in trends, history repeats itself. Technical analysis focuses on charts, fundamental analysis on financial statements. Technical analysis is shorter-term, fundamental analysis longer-term
Pivot point is calculated as average of high, low, and close prices from prior period. Trading above pivot point indicates bullish sentiment, below indicates bearish. Central Pivot Range (CPR) extends above and below pivot point