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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved