Trading Process
Pivot
Also called: pivots, base pivot, pivot level
The reference price level for a base breakout or a retest entry, usually the highest point of the base before the breakout happens. I use pivot levels as my line in the sand for both entries and exits, like the $400 level on TSLA which was the top of a five-year base.
In Context
“GLW quiet right at prior all-time-high pivot”
“AAOI ATH pivot flipped from resistance to support”
Level to Manage Risk > Setup·Digest
“But both had clear levels to manage risk, AMAT had the base pivot and TER had the daily low.”
Level to Manage Risk > Setup·Digest
“The thesis is the $400 level is a five-year pivot and it holds on the retest, but if this market pressure continues I'll probably be out of this one soon too.”
Nothing's Changed Yet·Digest
“I missed the initial move out of the prior base so this pullback into the breakout pivot was the secondary entry.”
Nothing's Changed Yet·Digest