Pivot Point Bullish Reversal Stocks

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