About This Strategy
A pullback strategy that buys PSX stocks sitting at or near auto-detected pivot-low support trendlines, favouring lines with more touches and no recent violations.
Strategy Summary
Rising trendlines drawn across pivot lows define where buyers have repeatedly defended a stock. The more touches a line has (without violations), the more meaningful the next test becomes.
Qualification Criteria
- An auto-detected support trendline with at least 2–3 touches
- Price trading at or slightly above the line
- No recent violations (closes below the line)
- Higher line score — touches, recency, and cleanliness combined
The scanner draws candidate lines across pivot lows and ranks them by quality score. Trading the third or fourth touch of a clean line offers a defined invalidation: a decisive close below the line.
Who This Strategy Is For
- Swing traders who work with chart structure
- Pullback buyers who want objective support levels
- Traders who like clearly defined invalidation points
- Anyone who wants trendlines drawn programmatically instead of by hand
Trading fit
Rising trendlines drawn across pivot lows define where buyers have repeatedly defended a stock. The more touches a line has (without violations), the more meaningful the next test becomes.
No names are firing right now, but the setup rules remain visible for the next market cycle.
This playbook does not have a dedicated historical snapshot attached yet.
How It Works
Auto-detect pivot lows and fit candidate support trendlines
Score lines by touches, violations, and recency
Flag stocks trading within a small distance of a quality line
Enter on stabilization at the line with a stop below it
Exit on trend break or into prior swing highs
Advantages
- Objective, programmatic support levels
- Clear invalidation — a close below the line
- Multiple touches raise signal quality
- Combines well with volume and momentum filters
Disadvantages
- Trendlines eventually break — late touches are riskier
- Auto-detection can differ from hand-drawn lines
- Needs liquid names for clean pivots
- Gap-downs can skip past the line entirely
Live PSX results
Use this section to see whether the strategy is only educational or currently producing live PSX candidates. Live strategies show fresh scan results, while the backtest block below provides historical context where available.
How to use this strategy on PSX
Check Market Overview and Money Flow first so you know whether PSX breadth, flow, and sector leadership support this setup type.
Use the price, structure, and confirmation columns together. These strategy pages are designed to improve selection quality, not to replace execution and risk management.
Backtests help you understand expectancy, hold time, and drawdown behavior. They should sharpen judgment, not turn a setup into a guaranteed trade.
Related PSX strategies
Compare this setup with similar strategies in the same difficulty bucket to see whether trend, breakout, pullback, or confluence logic fits your process better.
Research note: Live scan results are pulled from the backend strategy feed. Always validate context, liquidity, and risk before trading.