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Camarilla Pivot Points:
Camarilla Pivot Points are a set of technical analysis levels used to identify potential support and resistance points in the market.
These levels are calculated based on the previous day’s price action and can help traders make informed decisions.
R4 and S4 Levels:
R4 (Resistance 4): Represents the highest resistance level.
S4 (Support 4): Represents the lowest support level.
Scanner Description:
The Camarilla R4/S4 scanner on Chartink scans for specific conditions related to these levels.
Breakout of R4: When a stock’s price opens above the R4 level, it suggests a potential bullish breakout.
Breakdown of S4: Conversely, if the price opens below the S4 level, it indicates a potential bearish breakdown.
Trading Implications:
Traders can use this information to identify potential trading opportunities.
A breakout above R4 may signal a bullish trend continuation, while a breakdown below S4 may indicate a bearish trend continuation.
Remember that trading decisions should be based on a comprehensive analysis, risk tolerance, and individual investment goals. Always consult with a financial advisor before making any trading choices.

If you’d like to explore more about Camarilla pivot points and related strategies, you can check out the following YouTube videos:

Camarilla breakout chartink scanner | Camarilla breakout strategy by Talent Traders


Disclaimer:
I am not a SEBI registered financial analyst. My videos and live streams are for educational purposes only but based on technical analysis. Whatever profit/loss you incur while trading, I'll not be liable, nor I'll be taking any commission. Trading is a risky business, so you should consult your financial advisor before making any trade.


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