![]() Furthermore, these support / resistance levels may also be combined with other tools for technical analysis, i.e. ![]() The idea is to wait for the prices to interact with the Camarilla Pivots, prior to considering setups. Generally, the S3 and R3 levels can be used to initiate reversal trades, whereas the S4 and R4 levels signal breakout scenarios. ![]() Specifically, one may use the levels to indicate both reversal and breakout setups. To conclude, the monthly Camarilla Pivot Point indicator is a simple and versatile support / resistance tool that can be used in both sideways and trending markets. The resulting levels above and below the monthly Camarilla Pivots establish areas of support and resistance.
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