Pivot

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Pivot

Price level established as being significant by market's failure to penetrate or as being significant when a sudden increase in volume accompanies the move through the price level.

Pivot

A price that a security fails to either break above or fall below, or a price that a security reaches when its trading volume increases. If a security breaks above (or falls below) a pivot, it is expected to continue to rise (or fall). See also: Support level, Resistance level.
References in periodicals archive ?
Since the door pivots and balances on pins (offset 16 inches from one side), a slender steel framework is all that's needed to hold both the door and surrounding glass in place.
Closing the door pivots the latch, allowing the magazine follower assembly to drive shells rearward into the action.