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Confluence
Technical AnalysisWhen multiple independent technical signals align at the same price level or time, increasing the probability that a setup will work. For example, a Fibonacci level meeting a support zone with RSI oversold.
Related Terms
Support
A price level where buying pressure tends to overcome selling pressure, causing the price to stall or bounce upward.
Fibonacci Retracement
Horizontal lines at key Fibonacci ratios (23.
RSI (Relative Strength Index)
A momentum oscillator ranging from 0 to 100 that measures the speed and magnitude of recent price changes.