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 classic literature ?
To the left, in the distance, she could see something shining: a broad disc of light in which narrow shadows pivoted round the centre like the spokes of a wheel.
One of the things he was interested in was a plane with wings that pivoted,'' said Alex ``Skip'' Sim, a former NASA Dryden engineer.
This pivot should also be executed very forcefully, and as the Power Leg is pivoted across the body, the arms should move simultaneously, rotating the basketball from one side of the body to the other.