|PDF Title :||The Ultimate Price Action Trading Guide|
|PDF Contents :||18 Chapters (full)|
|Total Page :||129 Pages|
|PDF Size :||2.9 MB|
|Rights :||Atanas Matov|
|PDF Link :||Available|
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The Ultimate Price Action Trading Guide / Chart – Book
HOW TO TRADE CONFLUENCE WITH PRICE ACTION
What is confluence? Well, let’s find out here in the following example… What if you were watching the market and then you saw that price is heading to a resistance level and then you checked your Fibonacci retracement and it’s almost like a coincidence that the resistance level is also at 61.8 Fibonacci level as well. And there’s even more…the overall trend is also down.
So you have 3 things lining up for you, here they are again:
1. the overall trend is down
2. you have a resistance level that price is coming to
3. and you notice that the price is also heading up to the fib level is 61.8 which coincides with the resistance level.
What I’ve described above is an example of confluence. A confluence is a point/level in the market where two or more levels intersect each other (or come together) and form a flashpoint or hot point or confluent point.
The Ultimate Price Action Trading Guide PDF
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