3 docs tagged with "pivot-points"

Learn how to use Camarilla Pivot Points for intraday trading and identify key support and resistance levels

Classic Pivot Points represent the cornerstone of technical analysis, providing traders with reliable support and resistance levels calculated from the previous period's price action. These levels serve as psychological barriers where buying and selling pressure naturally converges, making them essential tools for any serious trader.

Woodie Pivot Points represent an evolution of the classic pivot point system, designed specifically for trending markets where closing prices carry greater significance. By giving more weight to the closing price, Woodie pivots provide more responsive levels that better reflect current market momentum and sentiment.