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Understanding Fibonacci Confluence
Автор: Stock Market Pulse TV
Загружено: 2012-01-17
Просмотров: 12197
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Fibonacci Confluence is when retracement levels from different fib grids coincide at a certain price level giving the trader a likely price zone for predicting support or resistance. More advanced Fibonacci traders will look to find confluence by drawing multiple retracement grids starting at different key swing lows and ending at the most recent swing high. Using this method of overlapping retracement grids, traders are able to find confluence zones between the different fib grids giving them an edge over traders who just use single retracement grids.
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