This chart analysis showcases a textbook Episodic Pivot breakout setup in PSP Projects on TradingView. After a period of price consolidation marked by pocket pivots and a well-formed base, a significant surge is captured as the price explodes above previous pivot resistance levels. The breakout is accompanied by a sharp spike in price, confirming the episodic pivot signal. The presence of pocket pivots prior to the move strengthens the setup, indicating accumulation before the breakout. This example is ideal for illustrating episodic pivot and pocket pivot concepts for educational content on advanced breakout trading strategies.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.