Yearly pivots are among my top favourite tools.
Nearly all the major reversals or rallies stop or turn at yearly pivots.
You can also use them as targets when you see price is heading or is close to yearly pivot. It will surely hit it.
You can observe it for yourself on this EURUSD chart.
When price is above yearly pivot target R1 if below target S1. Watch...
Current Year view BITMEX:XBTUSD
Marked more important levels.
Yearly open YO
Yearly low YL
Monthly open MO
Monthly high MH
Monthly low ML
Weekly open WO
Weekly low WL
weekly high WH
Green if above YO MO WO
Red if below opens.
I'll update this post all months!
You can see these levels in you chart with this script: