I 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...
stop loss at L4 target H3 and above. So far looks like it has bounced off L3 and retaken the pivot. tight stop could be below L3
daily pivot magnet reversion at l3 camarilla reversal zone stop above H4.
monthly h3 to weekly untested pivot. is what i think. stop at h4
reached can daily H3 and soon weekly maybe. short until pivot test or potentially L3 with tight stop at daily h4 or wide stop at weekly. pivot or cpr purple levels likely to get tested
I use this very wild looking layout for swing entry on pivots and such. I highlighted some local previous areas and the behavior that was confluent on them. It looks like a down swing may be in the wind. Yet the overall picture shown is also tightening. Perhaps a bigger move also coming.
entry on daily H3 Camarilla pivot. target developing weekly central pivot level. stop at daily H4 or above developing H3 for weekly levels if only bullish can wait for retrace and enter on the pivot retracment
Camarilla pivots. Entry H3 Stop loss H4. Target L3 and beyond. If L4 gets broken we should easily reach L5
Normally 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...
Entry 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
entry here at the H3 level. stop loss at the H4. target L3 and pivot. But a deeper target is untested qeekly pivot around 60 cents. camarilla pivots and cpr daily and,weekly levels
Entry level H3. Stop H4. Targets L3 / Pivot / L4-L6 Camarilla pivots weekly levels
entry L3. target H3+ stoploss L4. Camarilla pivots + CPR note : slightly risky as it is still overbought on higher time frames
entry around H3. stop around H4. target P + L3 Camarilla pivots weekly levels. Magnet mean reversion logic.
Although 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...
A 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...
Entry around here at H3. stopLOSSAT H4. If h4 is broken and retested and held then the breaout target would be H5/6 with stoploss at H3. Camarilla pivots monthly levels. and the CPR
IF 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