Bitcoin / TetherUSEducation
✔️Confluence Trading
📍What is “confluence trading”?
“Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade.
You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal.
Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade.
Here are some indicators, chart patterns and candlestick patterns you can use for confirmation of your trade.
🔹Indicators
Moving Average (MA)
Relative Strength Index (RSI)
Bollinger Bands
Fibonacci retracement
Stochastic Oscillator
MACD
Average Directional Index (ADX)
Ichimoku Kinko Hyo
Parabolic SAR
Williams %R
🔹Chart Patterns
Head and Shoulders
Double Top and Double Bottom
Triple Top and Triple Bottom
Flag and Pennant
Cup and Handle
Wedge
Rectangle
Symmetrical Triangle
Ascending Triangle
Descending Triangle
🔹Candlestick patterns
Doji
Hammer
Hanging Man
Shooting Star
Inverted Hammer
Bullish Engulfing Pattern
Bearish Engulfing Pattern
Piercing Pattern
Dark Cloud Cover
Morning Star and Evening Star
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
“Confluence trading” is when you combine more than one trading technique or analysis to increase your odds of a winning trade.
You use multiple trading indicators that all give the same “reading”, as a way to confirm the validity of a potential buy or sell signal.
Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade.
Here are some indicators, chart patterns and candlestick patterns you can use for confirmation of your trade.
🔹Indicators
Moving Average (MA)
Relative Strength Index (RSI)
Bollinger Bands
Fibonacci retracement
Stochastic Oscillator
MACD
Average Directional Index (ADX)
Ichimoku Kinko Hyo
Parabolic SAR
Williams %R
🔹Chart Patterns
Head and Shoulders
Double Top and Double Bottom
Triple Top and Triple Bottom
Flag and Pennant
Cup and Handle
Wedge
Rectangle
Symmetrical Triangle
Ascending Triangle
Descending Triangle
🔹Candlestick patterns
Doji
Hammer
Hanging Man
Shooting Star
Inverted Hammer
Bullish Engulfing Pattern
Bearish Engulfing Pattern
Piercing Pattern
Dark Cloud Cover
Morning Star and Evening Star
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Get Access to the exclusive QuantVue indicators: quantvue.io/
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get Access to the exclusive QuantVue indicators: quantvue.io/
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.