In this case, you need to have stop loss around the S4 and R4 levels. The S3 and R3 levels are considered if you want to go against the trend. The most important support levels are S3 and S4 and similarly, the most important Resistance levels are R3 and R4. R4 which is Fourth Resistance level is determined by = C +.To understand how the Camarilla Pivot Point indicator works, we need to understand the calculation behind the support and resistance levels. The shorter gaps between the support and resistance levels compared to other Pivot indicators make this indicator ideal for day traders and short-term traders.
There are a total of 8 support and resistance levels provided by this indicator – 4 support and 4 resistance levels. Camarilla Pivot Point is a mathematical/ technical indicator that provides different support and resistance levels to the traders for helping them find the right point of entry and exit from the market.
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