Confluence
When several separate tools point to the same price level or the same conclusion, making that level more…
In plain English
When several separate tools point to the same price level or the same conclusion, making that level more interesting.
Confluence is a crossroads. If a Fibonacci level, an old support line and a big moving average all sit around the same price, that zone draws more attention than any one of them alone.
It raises the odds of a reaction; it does not guarantee one. Be careful not to keep adding tools until something agrees with what you wanted to do anyway.
Keep this word for good
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