The pivot point(s) are interpreted as a progressive direct support and resistance level, determining the primary trend. In addition, first to third level resistance and support points serve as additional indicators of possible trend reversal or continuation (Based on Floor Pivot Points).
CBOL/CBOS (Camarilla Breakout Long/Short) are R4 based Camarilla pivot points that help identify breakout and support trading, especially around a cash market open.
For every trader trading the index markets, this indicator is an absolute MUST have.
Without knowing the index pivot point (Support and Resistance) levels, you are trading blind!
Use this indicator; it’s FREE and will change how you trade.
Here is an insight into how to configure and use this indicator.