Crossing above pivot R1
Price clearing the first pivot resistance on strong volume — a classic floor-trader level.
Pivot points are computed from the previous session's high, low and close, so R1 is a level every desk running the same formula is watching. Its value is self-fulfilling rather than predictive, which is exactly why a decisive break of it on volume tends to run.
More breakouts:52-week high breakoutWithin 3% of the 52-week highVolume breakoutVolume shockers20-day channel breakout
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