Pivot Point Bearish Reversal Stocks

A Pivot Point Bearish Reversal forms when a bar sets a pivot high, rising above the high of the preceding bar, and then reverses to close below the previous close. The failed push to a new high shows that buyers could not hold the higher prices, so the bar often marks a short-term top; traders typically place a stop above the pivot high and look for follow-through on the next bars.