What is confluence trading? Confluence trading is a trading strategy that involves combining multiple technical analysis tools or signals to increase the probability of a successful trade. The idea is that when several independent indicators point to the same trading opportunity (a "confluence"), the trade setup is stronger and more reliable. Key Elements of Confluence Trading Support and Resistance Levels Areas where price has historically reversed or stalled. Trend Lines / Channels Visual representations of market direction that can serve as dynamic support/resistance. Fibonacci Retracement Levels Common retracement levels (e.g., 38.2%, 50%, 61.8%) are often used in confluence with other signals. Candlestick Patterns Patterns like pin bars, engulfing candles, or doji near key levels can confirm entries. Indicators Such as RSI (overbought/oversold), MACD (momentum), moving averages, etc. Price Action Raw analysis of how price moves, especially near...