Pivot points are a popular technical analysis tool used to identify potential support and resistance levels in the market. There are several types of pivot points, each with its own calculation method and application. The main types are:

1. Standard Pivot Points - calculated using the previous day's high, low and close prices.
2. Fibonacci Pivot Points - similar to standard pivot points, but with additional resistance and support levels based on Fibonacci ratios.
3. Camarilla Pivot Points - a variation of standard pivot points that includes additional levels of support and resistance, based on the volatility of the market.
4. Woodie's Pivot Points - a modification of standard pivot points that puts more weight on the close price.
5. Demark Pivot Points - a unique method that takes into account both price and time to calculate pivot points.
Each type of pivot point has its own strengths and weaknesses, and traders can choose the one that best fits their trading style and market analysis approach.

Pivot points are important technical analysis tools that help traders identify potential support and resistance levels in financial markets. There are five main types of pivot points, each with unique calculation methods and applications. Standard pivot points use the previous period's high, low, and close prices to determine key levels. Fibonacci pivot points incorporate Fibonacci ratios (23.6%, 38.2%, 61.8%) to identify additional support and resistance zones. Woodie's pivot points place greater emphasis on the closing price and use a modified calculation for more responsive levels. Camarilla pivot points generate multiple intraday levels, making them particularly useful for short-term trading. Lastly, Demark pivot points focus on the relationship between opening and closing prices to predict potential trend reversals. Each type serves different trading styles, from day trading to swing trading, providing valuable insights into market movements.