What is confluence?Confluence
Several different kinds of signals pointing the same way at once.
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- Technical Analysis: Candles & ChartsFibonacci Retracements
After a rally, prices often pull back and find support near 38.2%, 50% or 61.8%.
- Indicators in Practice & BacktestingIndicator Confluence
Any single indicator is often wrong. When trend, momentum and volume all point the same way, the signal tends to be more reliable, but rarer.
Related terms
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Go to “Fibonacci Retracements”