Camarilla Pivot Points are a set of eight support and resistance levels calculated from the previous day's high, low, and close prices. They are used by intraday traders to identify potential reversal zones and breakout levels, with the third and fourth levels being the most significant. Many day traders prefer Camarilla pivots over standard pivot points because they tend to produce tighter, more actionable levels for scalping and short-term mean reversion trades.
Example
“Price bounced perfectly off the Camarilla S3 level, confirming it as a strong intraday support zone for a long entry.”