Final answer:
It is true that Pivot Points use past data to estimate future support and resistance levels and are therefore classified as lagging, not leading, indicators in trading.
Step-by-step explanation:
Pivot Points are indeed used to estimate future support and resistance levels in trading by taking the previous period's high, low, and close into account. This statement is true: Pivot Points are not leading indicators; they are considered to be lagging indicators because they use historical data. A leading indicator, by contrast, is meant to forecast future events and tend to signal future movements before they occur.