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Woodie's pivot points are similar to floor pivot points, but are
calculated in a somewhat different way, giving more weight to the
Close price of the previous period. You can use the given rules to
calculate Woodie's pivot points.
Pivot (P) = (H+L+2C)/4
Resistance (R1) = (2P)L
R2 = P+HL
Support (S1) = (2P)H
S2 = PH+L
Camarilla Pivot Points
Camarilla pivot points are a set of eight very probable levels
which resemble support and resistance values for a current trend.
The origin and the precise way to calculate these pivot points are
unclear. The most important is that these pivot points work for all
traders and help in setting the right stop-loss and take-profit
orders. The given rules are used to calculate Camarilla pivot
points.
R4 = (HL)1.1/2+C
R3 = (HL)1.1/4+C
R2 = (HL)1.1/6+C
R1 = (HL)1.1/12+C
S1 = C(HL)1.1/12
S2 = C(HL)1.1/6
S3 = C(HL)1.1/4
S4 = C(HL)1.1/2
Fibonacci retracement levels are a powerful Forex tool of a
technical analysis. The main idea behind these levels is the
support and resistance values for a currency pair trend at which
the most important breaks or bounces can appear. It is
recommended to set your stop-loss, take-profit as well as stop
and limit orders at these levels or around their values. This
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