Malaysia

2025-04-28 11:34

IndustryTrend line confluence occurs when a trend line
#CurrencyPairPrediction Trend line confluence occurs when a trend line aligns with other technical analysis tools, creating a stronger area of potential support or resistance. This could involve a trend line intersecting with Fibonacci retracement levels, pivot points, moving averages, or even the upper or lower bands of Bollinger Bands. When multiple indicators converge at a similar price level, it strengthens the significance of that zone. For instance, if an uptrend line coincides with a 50% Fibonacci retracement level from a recent swing high, the area is more likely to act as strong support. Trading decisions made in areas of confluence have a higher probability of success because they are supported by multiple independent technical signals, increasing the conviction behind potential price movements.
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Trend line confluence occurs when a trend line
Malaysia | 2025-04-28 11:34
#CurrencyPairPrediction Trend line confluence occurs when a trend line aligns with other technical analysis tools, creating a stronger area of potential support or resistance. This could involve a trend line intersecting with Fibonacci retracement levels, pivot points, moving averages, or even the upper or lower bands of Bollinger Bands. When multiple indicators converge at a similar price level, it strengthens the significance of that zone. For instance, if an uptrend line coincides with a 50% Fibonacci retracement level from a recent swing high, the area is more likely to act as strong support. Trading decisions made in areas of confluence have a higher probability of success because they are supported by multiple independent technical signals, increasing the conviction behind potential price movements.
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