Why Not All Pivots Are Created Equal — The Edge

Summarize the following YouTube trading video transcript. Extract:
- Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each
- Key trading strategy
- Indicators used
- Entry/exit rules and suggested trades
- Timeframes mentioned
- Risk management tips
Format the summary in clear bullet points.

Transcript:
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Summarize the following YouTube trading video transcript. Extract: - Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each - Key trading strategy - Indicators used - Entry/exit rules and suggested trades - Timeframes mentioned - Risk management tips Format the summary in clear bullet points. Transcript: This is the trading playbook where the charts do the talking and every session makes you a better trader. Hello everyone and welcome to the trading playbook. My name is Lawton Hope here with Verified Investing and we have another episode of the trading playbook. Um, thank you guys so much for watching this Saturday. And before you go anywhere guys, I like to say please consider liking and subscribing to the Verified Investing YouTube channel. Leave a comment below. Tell me what TA pattern you want to see next. I know I've read some of the comments and you guys are asking me to do specific charts, but I'm asking for specific setups. Technical indicators that you think that I use that that would be helpful for you to understand. But regardless, today here's the play. We're talking about pivots. And let me go ahead and share my charts. Pivots like double top, double bottom, and how to use them. Right? So, what is a pivot? Right? What is a pivot? And to to explain very, very basically, a pivot is I'll write this down for you. Basically, the end of a wick. Simply enough, it's just the end of a wick. Right? End of a wick. But when we're looking to use pivots, not all pivots are created equal. There are multiple pivots, but not all of them are created equal. For example, oh, let me go ahead and take this down with me. You can see that there was a pivot high here. A pivot high is at the top of the wick and pivot low is at the bottom of the wick, okay? Pivot high is at the top of the candle and pivot low or pivot bottom um is the bottom of that candle. Right? So, you can use wicks in all sorts of ways as support and resistance mostly. But, what do I mean by not all pivots are created equal? Well, there are if I scroll out different pivots. Like, for example, this up here is a pivot high. And what does it coincide with? It's the highest point Baba in this case has gotten since the 30th of September 2025. Now, Alibaba has gone higher previously. This would be double top, also a pivot, which is just the previous all-time high. But, this is a pivot high, right? And because it is the highest point that Baba has reached in you know, several months or about half a year plus, right? It's going to be significant resistance. And so, we can just write here pivot high. Pivot high resistance. Right? So, we're expecting resistance there. In the same way, if we go to the other end right? Of the spectrum and look all the way back here down here, we could say there's a pivot low. A pivot low there on Baba. And although it's not the lowest point, I don't believe. Let's see. Yeah, not quite. Almost. Not quite the lowest point that the stock has ever gotten to, even though it hasn't been there, it is the lowest point Baba has been since 2022 or December of 2022. So, this would be pivot low support. And you can use these for intraday, for, you know, for day trading, swing trading, all sorts of different uh different things. And I'll show you on another chart, for example. Just remember that pivots are the end of the week. And also, it doesn't have to be the all the way at the top or all the way at the bottom. We can see here if we go in a little closer, right? You can say "Oh, there was earnings here on Alibaba." Right? Alibaba had earnings and pushed up over 9%. Well, you can use the top of that point and say this is the pivot high. The high plus earnings high. So, what that means it is the highest point Alibaba got to after reporting earnings before this very steep fall. Right? So, there should be some resistance there. But, let's use another chart just to uh continue to reinforce it. Let's go