Camarilla,Standard and Fibonac
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About this app
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
===============================================
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
===============================================
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About the developer
RAGHAVENDRA K M
raghutechsite@gmail.com
Kyasanuru
Sorab
Shimoga, Karnataka 577434
India
