# 3 Pivot Points

### Woodie Pivot Point

#### Pivot Point Calculation Formula

#### First Resistance and Support

#### Second Resistance and Support

__C: Closing Price, H: High, L: Low__

### Camarilla Pivot Point

And the main idea of Carmilla Pivot Point is that we have to buy or sell when the price reaches the third support or resistance level. But if the price can accelerate through the S4 or R4 then this indicates that there is an intraday trend that is very strong and it’s time you ride the train fast 🙂 don’t miss the train.

The following is an example comparison between Carmilla pivot point (solid line) and standard pivot point (dashed line).

As we can see because the emphasis is more on the closing price than the Pivot Point price for the calculation because this can cause all Support and Resistance levels to be above the Pivot Point level or below.

### Fibonacci Pivot Point

Using the pivot point formula as follows

R3 = PP + ((High – Low) x 1,000)

R2 = PP + ((High – Low) x .618)

R1 = PP + ((High – Low) x .382)

PP = (H + L + C) / 3

S1 = PP – ((High – Low) x .382)

S2 = PP – ((High – Low) x .618)

S3 = PP – ((High – Low) x 1,000)

C: Closing Price, H: High, L: Low

Fibonacci pivot point calculations are done by calculating the pivot point level first when we use the **standard pivot point**. Then multiplying the previous price range with the Fibonacci level and lots of traders who use 38.2%, 61.8%, and 100% in their attention.

Below is the comparison between the Fibonacci pivot point (solid line) and the standard pivot point (dashed line).

__Now the question is which Pivot Point can be used as the best indicator?__ the answer is there is no best pivot point you can use for trading because you have to use it with other indicators to get the best forex trading confirmation. All of the above pivot point indicators are good and you can use them according to your character.