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2019issue C029

Constructing intraday pivot channels from prior-session levels

A two-day one-minute chart keeps prior-session OHLC and leftover support and resistance visible. Those prices become the edges of a same-session price channel, used either for pivot turns still inside the band or for a breakout above it.

  • A two-day one-minute chart keeps the prior session's open, high, low, close, and leftover support and resistance visible while the current session is planned.
  • Prior-session support and resistance are treated as the boundaries of a same-session price channel.
  • That channel is used in two ways: trade pivot turns still inside the band, or trade a breakout above the band.
  • Previous days' support levels become candidate entry and exit prices, with repeating price patterns given as the reason those marks stay useful for visual planning.
Entries in this reading3 entries
Current trackPivot point45 readingsPrice channel77 readingsSupport and resistance170 readings

Keep leftover structure on the same chart

A two-day chart of one-minute candles is used so the prior session's open, high, low, close, and other key support and resistance prices stay visible while the current session is planned. That two-day one-minute chart keeps prior-session OHLC and the current tape on one scale.

Prior-session OHLC means the previous day's open, high, low, and close, left on the chart so leftover structure remains visible as the new session unfolds.

Build the price channel from leftover edges

Prior-session support and resistance prices are treated as the boundaries that mark out a trading channel. Those leftover prices are the ones that repeatedly halt or reverse movement, and they are reused as the visual edges of the current-session channel.

Previous days' support levels are converted into candidate entry and exit prices for the current day's session. Repeating price patterns are the stated reason prior-day support and resistance remain a visual planning tool.

Separate interior pivots from a channel breakout

The constructed channel is used in two ways. One is to trade pivot turns still inside the band. The other is to trade a breakout above the band.

A pivot point, in this construction, is a turning price inside the price channel. It is used to plan an interior entry or exit instead of waiting for a break of the band.

A channel breakout is a move through the upper edge of the constructed band. It is treated as a different hypothesis from trading pivots that are still inside the band.

The illustrated chart uses the prior day's inside support and resistance to show where channel trades can be located. Those inside levels sit inside the prior day's range and help locate interior channel trades.

Educational research material, not investment advice. Historical source context does not establish present-day performance.
36 of 38 in the Pivot point track
20206-6 pp.Next on Pivot pointVariable-strength pivot highs as falsifiable entry filtersA pivot-point is a confirmed local extreme defined by a chosen price series plus left-strength and right-strength bar counts, used here as an entry or exit condition rather than as a standalone forecast.
All readings on this track · 38 readings
  1. 1988Constructing action-reaction lines from two pivots
  2. 1988Constructing intradaily point-and-figure boxes and pivot ladders
  3. 1991Constructing layered support and resistance from swings, pivots, and retracements
  4. 1994Three locks on a day-session order, then a staged exit
  5. 1994Building a five-level daily pivot grid
  6. 1996Constructing daily pivot points from session prices
  7. 1996Higher time frame balance points as a trend and band filter
  8. 1998Cup-with-handle construction rules
  9. 2000Pivot levels as a daily trade hypothesis
  10. 2001Construct a same-session polarity card around the daily pivot
  11. 2001Trading inside the cup-with-handle before the breakout
  12. 2005A lower-low rebound as one entry, abstention, and stop routine
  13. 2006Constructing session pivot maps from the prior high, low, and close
  14. 2006Constructing a pivot grid for stops and buy-stops
  15. 2006Monoparametric automatic trendline construction
  16. 2008Write the exit before the entry
  17. 2010Dynamic-pivot range grids for trend bias
  18. 2010Reverse-entry exits for pairs, pivots and support
  19. 2011Sequencing pairs, futures pivots, and implied volatility
  20. 2013Constructing Camarilla levels from prior range
  21. 2013Camarilla levels as a multi-timeframe map of reversion and breakout
  22. 2013Constructing a camarilla-grid from a completed lookback range
  23. 2013Constructing daily pivot support and resistance rungs
  24. 2014Constructing daily pivot levels from prior-session OHLC
  25. 2014Next-session pivot support and resistance from daily bars
  26. 2014Constructing session pivot rails from the prior-day range
  27. 2014Evaluating moving-average, pivot, and support-resistance filters
  28. 2016Stage a Trailing stop toward a planned target
  29. 2016Smoothed RSI and full-cut pivots for option-income exits
  30. 2017Constructing a weekly seasonality pivot scaffold
  31. 2017Seasonality and pivot points as scenario maps, not forecasts
  32. 2018Wave pivots, strength filters, and option premium
  33. 2018Constructing Fibonacci and daily pivot support maps
  34. 2018Building a daily pivot lattice with Fibonacci rails
  35. 2019Prior-session pivot channels for same-day entries
  36. 2019Constructing intraday pivot channels from prior-session levels
  37. 2020Variable-strength pivot highs as falsifiable entry filters
  38. 2020A high-volume-pivot long after a multi-week decline
By fieldTrend and channels181 readingsBy year201975 readings
All 45 readings tagged Pivot point
Also on Pivot point5 readings
2008Write the exit before the entry1988Constructing intradaily point-and-figure boxes and pivot ladders1991Constructing layered support and resistance from swings, pivots, and retracements1994Building a five-level daily pivot grid1996Higher time frame balance points as a trend and band filter