Squad Pivot Points

Camarilla Pivot Points is basically a remix of the OG Pivot Point. 🌟

Camarilla Pivot Points made their entrance in 1989, thanks to Nick Scott, a boss-level bond trader.

The vibe here is that prices love to bounce back to their average... until they totally don't. 😂

What's lit about it compared to your typical pivot point formula? It throws Fibonacci numbers into the mix. 🎯

Camarilla Pivot Points is like a math wiz for price action, serving up potential intraday support and resistance levels. 💹

Same vibe as the classic pivot points, fam—it uses yesterday's high, low, and close prices.

Camarilla Pivot Points come with eight levels that act as your ride-or-die support and resistance zones for any trend. 🚀

Whether you're a newbie or a pro, these levels help you nail the right stop loss and profit targets. 💰

C = Yesterday’s closing vibes
H = Yesterday’s high point
L = Yesterday’s low point

R4 = (H – L) x 1.1 / 2 + C
R3 = (H – L) x 1.1 / 4 + C
R2 = (H – L) x 1.1 / 6 + C
R1 = (H – L) x 1.1 / 12 + C
S1 = C – (H – L) x 1.1 / 12
S2 = C – (H – L) x 1.1 / 6
S3 = C – (H – L) x 1.1 / 4
S4 = C – (H – L) x 1.1 / 2

The MVPs here are S3, S4 and R3, R4.

R3 and S3 are where you play it against the trend, with a stop loss chillin' at R4 or S4.

While S4 and R4 are your boss breakout levels. If these levels get punked, it's time to roll with the trend. 💪

How to Use Camarilla Pivot Points

Camarilla Pivot Points got your back for sideways or trending markets. 🔄

Trading these bad boys? Base it on the open next day (or session) price. 📊

Depending on where the price starts, the tool suggests either going for that mean reversion or straight-up breaking out to new highs or lows. 🚀

Here's the tea on five scenarios for using Camarilla Pivot Points like a pro. ☕

Scenario #1: Price popping between R3 and S3

• Cop (buy) when it bounces back above S3 after dipping below. Eyes on R1, R2, R3.
• Keep stop loss guarding at S4.
• When it slides above R3 then slides under, sell or short it.
• Collect the profits at S1, S2, S3; stop loss chilling above R4.

Scenario #2: Price between R3 and R4

• Buy back when it climbs over R3 again after falling below. Target 0.5%, 1% and 1.5% gainz.
• Stop loss flexing at R3.
• Wait for the dip below S3, then sell or go short.
• Bag S1, S2, S3, stop loss sits above R4. Goals: S1, S2, and S3.

Scenario #3: Price jammed between S3 and S4

• Peep it going above S3, then go long.
• Get targets R1, R2, R3; stop loss below S4.
• Catches the fall below S4, then go short.
• Stop loss above S3. Chase gains at 0.5%, 1%, and 1.5%.

Scenario #4: Price playing around above R4

• Buying here is risky AF. Wait till it dips below R3.
• As it drops below R3, go short.
• Stop loss living at (R4+R3)/2. Targets on S1, S2, S3.

Scenario #5: It's below S4 with a vibe

• Selling here = risky vibes because it's opened with a big gap down.
• Wait on it to rise over S3.
• Once above S3, cop
• Stop loss set at (S4+S3)/2. Hitting targets at R1, R2, and R3.

That's the lowdown on five scenarios for using Camarilla Pivot Points. 📉

For more clout, mix Camarilla Pivot Points with dope indicators like Stochastic, RSI, and MACD. 🔥