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 ?
The tall, begoggled star of the Minneapolis Lakers had established the prevailing definition of the pivotman, relying on low-post bulk and close-range touch.
The best center in China already, and perhaps the best young pivotman in the NBA, the one player who might - eventually - make O'Neal break a sweat.
Willing Foe doesn't appeal after such a lengthy lay-off so we are down to a shortlist of Circumvent, Oceanway, Right Step, Pivotman and Colour Scheme.