How to read these levels
The central pivot is the average of the previous period's high, low and close. Everything else follows: resistances above, supports below, projected from the range travelled.
These levels hold no magic. Their interest comes from the fact that many participants compute them the same way at the same hours — they become places where orders pile up, which is enough to make them observable.
The five methods answer different uses. Camarilla tightens levels around the close and targets the day; Fibonacci and Classic open wider; Woodie gives more weight to the open; DeMark produces only one support and one resistance, depending on whether the period closed above or below its open.