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The Camarilla pivot point trading strategy
The Camarilla pivot point trading strategy is a technique that has an astounding accuracy in both regards, with particularly reliable performance for day-trading equities. As compared to classic pivots where traders look for Resistance 1 and Support 1 levels, the most important levels for the Camarilla pivot point variation are the third and fourth levels. Examples of each level, along with what might be considered an appropriate trade action, are shown here: Level Price Action Resistance 4 1500.72 Long breakout Resistance 3 1487.69 Go short Resistance 2 1483.00 Resistance 1 1479.00 Support 1 1470.31 Support 2 1465.96 Support 3 1461.62 Go long Support 4 1448.58 Short breakout ===============================================