Pivots
Floor pivot
A floor pivot is a support or resistance level calculated from the prior session's high, low, and close. The central pivot plus levels like R1, R2, S1, and S2 form a ladder traders use to map likely reaction zones.
Floor pivots, also called classic or standard pivots, are objective price levels derived from the previous completed period's high, low, and close. The central pivot sits in the middle, with resistance levels (R1, R2, R3) above and support levels (S1, S2, S3) below, forming a ladder of potential reaction zones.
For an MCX or COMEX trader, the floor-pivot ladder is a planning map drawn before the session opens. It marks where price has a higher chance of reacting, helping frame watch zones, stop placement, and targets around defined market structure rather than guesswork.
The formula produces levels, not instructions. A level being nearest or labeled R1 does not guarantee a bounce or break, so pivots are read as attention zones that still need current price behavior, confluence, and event-risk context to become meaningful.
Put it to work
Educational reference only. Definitions describe how traders use these concepts and are not investment advice or a recommendation to trade.