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What Is a “Confluence” of Support or Resistance?

From dailypriceaction.com

This is an excellent question, and the answer can improve your trading performance in a big way. But like all things, it takes practice, patience, and discipline to get it right. According to Merriam-Webster, the word confluence means: A coming or flowing together, meeting, or gathering at one point. The flowing together of two or more streams Obviously, we’re not dealing with streams here. But the first definition sums things up nicely and the second provides a visual for us to refer to as we progress through this post. In the world of trading, the term confluence refers to the intersection of two or more key levels ... (full story)

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