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📰 TL Trading Academy: https://traderlion.com/YT-TLA A Pivot Point is the optimal buy point for breakout trading. It is the price level where demand overwhelms supply and leads to a large directional move. You either get a profit cushion right away or are stopped out for a small loss. Breakout trading is about timing your entry point so that you get in right when the stock is pushing through resistance.

In this video Richard explains what a pivot point is and goes through many examples.

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Enjoy!

- The TL Team
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Timestamps

0:00 What is a Pivot Point
1:41 The History of Pivot Points
5:00 How to Identify Pivot Points
6:57 Guidelines for Trading Pivots
7:49 Time Frame Alignment PLTR
10:30 Pivot Points don't always work
11:50 Key Takeaways

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Our Blog: https://www.traderlion.com/blog/