Hey mate,
I'd recommend you to do exactly what I suggest and zoom into a really brief period (1m or less), and take a look at price action around the pivot points. You will see that there's a reaction there almost every moment. I am not speaking about 50 pips, or even 20 pips. It might just be 5-10 pips or even only a time retracement. You'll also notice that very often they will produce a major turning point in the market, providing 20-50 pips. Then examine the pivot points that match with s/r, fibs, 00s and fashion lines and you will quickly notice that...