A pivot point is the average price.
For example, when more tops and bottoms gather around the same price
or generally speaking: when a high number of candlesticks reach
the same price level, then that is the average price. Usually, the
average price is a strong support AND resistance level.
These levels can show up from time to time at different price levels and
we call them pivot points.

So technically speaking, any level that is reached many times
is considered to be of high significance, a strong support or resistance.
In other words, you could say that any strong S/R level is a strong pivot point!

Read this article to find out how pivot points are calculated and how they can help you
pinpoint the best possible entry for your trades!
Pivot Points Binary Options – Support and Resistance on Auto-Mode


It might be difficult to draw these pivots by hand, fortunately there is help!
You can try out the pivot point calculator! It will draw multiple lines on your charts
automatically. The lines are labeled as S1, S2, S3, central pivot, R1, R2, R3.
I think this is a great tool to have while you learn to draw your own lines on the side!
Check this article out to learn more about this pivot calculator:
Predicting the outcome of In-out boudaries with the Pivot Calculator