Confluence
Several independent reasons pointing to the same level or trade, such as a Fibonacci level lining up with prior support.
Related terms
Fibonacci retracement
Levels at 23.6%, 38.2%, 50%, 61.8% and 78.6% of a prior swing,…
Support
A price area where buying has previously stopped a decline. Once…
Average daily range (ADR)
The average distance in pips between each day’s high and low over…
Average Directional Index (ADX)
An indicator of trend strength, not direction. Readings above…
Average True Range (ATR)
A volatility indicator that averages the true range, which…
Bollinger Bands
Bands set two standard deviations above and below a moving…