CNVRG Reversal Confluence
Confluence in trading is the strategy of combining multiple technical indicators, chart patterns, and other factors that all point in the same direction to confirm a trade idea. By using several signals to validate a single entry or exit point, traders can increase confidence in their decision, reduce the risk of false signals, and improve the probability of a successful trade.
Hindi kailangan na may confluence ang isang entry or exit signal but it can add to conviction kapag meron.
Lets take a good look at CNVRG chart.
Nagbigay na ng entry signal ang BABY 2.0 Strategy sa kanya. Most ng users ay umasok sa kay CNVRG.
Ang haba ng downtrend ni CNVRGE and for three straight days ay panay green candles ang ginawa ng price niya.
The move that CNVRG is about to make ay either reversal or bounce as per its price behavior.
Hindi lang BABY 2.0 Strategy ang nagsasabi or nagpapakita na nagrereverse na si CNVRG.
There is even a CHoCH or a change of character.
Dalawang magkakaibang strategy at ideas na nagtuturo sa iisang direction.
The future looks good kay CNVRG.
Anything can happen sa trading but as far as the chart is concern ay paakyat ang tinuturo ng price movements ni CNVRG so far.
Lets just see how this trade goes.
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