[Soultrader]

I base my trading on pivots. If price is unable to remain above a pivot level, I will look for a reversal trade. For example, let's say my key resistance on a stock XYZ is $50.85. If prices trade to $50.80 and can not break above the $50.85 mark, I will look for a short setup. If there is a RSI divergence at a pivot level, that becomes further confirmation.

The 10:00 am reversal is also something I pay attention to as well. It doesnt happen 100% of the time, but is a fairly common pattern.

I focus on key pivot cluster levels as key support and resistance. I will look for prices to reverse around these levels by reading tape.