weekly pivot retracement bounceI think we will perhaps see technical bounce to at least the developing pivot as we always do with new weekly pivots. however with one half day of price action remaining it could be brought down lower or up higher before that magnet is set in stone. So if you are playing the bounce from here you could use daily camarilla l4 as stop loss as we are currently at the l3 which is,projected range low. or alternatively you could use dca in small incriments until that developed pivot is locked in or bounce has initiated. As always pay attention to money managment and be careful. I am looking at camarilla pivots weekly and daily levels. If bounce does,work out you might secure some profits at daily h3 in the 50.8 or so area. and then developing weekly. 51.5 to 52 as it is currently and then see how it goes from there.
Camarilla Pivot Points
Moderately Bullish Intraday on NIFTYRationale:
1) VWAP above ATP yesterday
2) CPR pivots above yesterday's CPR
3) Market opened flat and slightly positive
Tracking on multiple timeframes Intra day
Entry points - There are 2 possible entry today
Go Long
1) Above H4 Camarilla at 14734 , SL at H3
If market corrects mid day
2) Buy at yesterday's ATP for target at H3.
Keep tight SL. I dont expect a broad ranging day.
SXP big break target setupNormally with camarilla pivots (these are the monthly levels) you want to enter on the break of L4 and restest for H5.
The reason I suggest entry here is because the weekly levels are also setup for possible L3 (range bottom 4.09) to H3 (Range top 4.80) The weekly trade playing out would be confirmation of the maonthly and this may be an early entry opportunity. for a very tight stop could use just under 4 dollars. for loose stop could use this purple monthly pivot point.
BTC long swing potential setupEntry L3 (will be better if it reclaims it before entering.) Targets Pivot + H3 + H4-6
Stop loss L4. Stop in profit levels to consider if it plays out. Pivot (purple) H3 (after h4 is broken. but surely would take at least half profit there)
Camarilla pivots weekly levels
BTC intra day setups and overlook cam pivotsAlthough it should be mentioned the weekly closes soon and it will bring possibly a change of price action. the current levels and call to actions for the daily are here. could short H3 (stop at H4) targets L3 (and see if beyond) alternatively you could do the same on L3 if you already did could consider what to do soon before new york opens. and alternatively you could wait for H4 or L4 to break. enter on restest. Target the H5 or L5 with stoploss at the near level 3 respectively.
Camarilla pivots daily levels.
BTC bitcoin. D/W/M Camarilla pivotsA general explanation of the pivots on camarilla pivots which is an advanced subsystem of standard pivot points.... except it is much more relevant, more often in play, and has a trading system with plays and setups behind them. Here are the general summary of what these levels mean. Research into them could reveal how trades are optimally made with the cam pivots trading methods. The levels are plotted using the previous timeframes of whichever timeframe you are on. Trades are meant to be traded within their timeframes. intraday / week (swing)/ month
CTK monthly pivots trades setupsIF it comes and finds support on the H4 level H5 would be breakout target. If it losses the H3 then P and L3 at least would be target. Stops for long would be on H3 after H4 retest. or H4 for short after H3 is lost
BTC bitcoin short. mothly close pivot reversionTarget is the incoming pivot and L3 you see on chart. Keep in mind this last day of price action could adjust those incoming levels to come in both lower or higher the the monthly close. However that will only mean the retrace comes from a highe point. Easy to avoid risk by average cost entry up small to large. Or if bullish you ought to wait until the monthly pivot magnet hits to enter a long. Places where you could manage risk are the monthly H4 on chart. or also the daily/weekly H4 areas. at around 60300.
it is worth noting that btc has retrace to its newly developed pivot when price opens away from the current price or just prior to its close the last 37 out of 39 monthls. Cant really argue with those backtest stats. You could look into that yourself if curious