PIVOT is one of useful indicator for MT4.
we can know any Resistance and support line from PIVOT.
That candle stick pattern is Bottom
.It is mean near to bottom, that is why Reverse from bottom price.
PIVOT works good for MT4, because many professional traders use it
How to take profit with PIVOT
This is typical candle stick formation about Triangle Pattern.
Triangle Pattern is popular pattern on candle sticks,
You can find good entry point with PIVOT like this above all.
and not only entry point, but also target point also .
IF you use PIVOT , you can easy to get strategy of this pattern.
I always use PIVOT daily trading…
It is very useful indicator and easy to take profit for traders.
Don’t miss good entry point…to take profit,,