Step by step
How to read it
- 1A monthly low.
- 2A weekly low, just above it.
- 3A round number, right in between.
- 4Three reasons inside one narrow zone. Price reached it and turned.
Watch out
Common mistake
Counting reasons that are far apart. Confluence means one narrow zone, not a wide band of anything.
In one line
Definition
Several reasons in the same place — for example a monthly low, a weekly low and a round number inside one narrow zone.
Check yourself
Check yourself
Which of these is confluence?