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