Question: Using Bollinger Bands automates everything and the trader need not make any decisions. True False When using pivot points, what is this the formula for?

Using Bollinger Bands automates everything and the trader need not make any decisions.

True

False

When using pivot points, what is this the formula for?

(2 *P) - L

A.

P the pivot point
B.

R1 - resistance level one
C.

S1 - Support level one
D.

P2 - second pivot point

When using pivot points, the trader must decide the right frequency to use when creating the chart

True

False

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