Camarilla pivot points

Camarilla pivot points were discovered in 1989 by Nick Scott, a successful bond trader. The basic thesis for this strategy is a common one: That price, as most time series, has a tendency to revert to its mean, right up until the point it doesn’t.

Camarilla Pivot Points are a set of eight levels that resemble support and resistance values for a current trend. These pivot points work for all traders and help in targeting the right stop loss and profit target orders. The most important levels are L3. L4 and H3, H4.

There are four other levels can come into during strong trend moves