Fibonacci Confluence Calc
What's Fibonacci Confluence Calc APK?
Fibonacci Confluence Calc is a app for Android, It's developed by Phi-Trader author.
First released on google play in 12 years ago and latest version released in 8 years ago.
This app has 0 download times on Google play and rated as 3.44 stars with 16 rated times.
This product is an app in Finance category. More infomartion of Fibonacci Confluence Calc on google play
Taking the example of an A-B-C Up structure. If you look carefully you can see that there are 2 A points, A1 and A2. You can trace an A1-B-C and an A2-B-C. The top of the confluence zone is the 0.618
retracement of the A2 to B price swing and the bottom of the confluence zone is the 0.382 retracement of the A1-B price swing. In practice confluence represents a zone where the equity, during its
retracement from B to C, is likely to reverse direction and resume its trend. A tighter confluence zone is considered better. There are also A-B-C Down structures which are inverted from the A-B-C
Up.
Volumes are also important in confirming things. Still looking at an A-B-C Up, what you want to see are higher volume levels on the up-trend, and decreasing volumes on the retracements. When moving
up and passing through the levels of a previous high, you want to see higher volume levels than there were on the day of the previous high. When retracing you want to see the volume dry up, and in
particular, if the price drops below a previous swing low, it needs to do so on less volume than on that previous low's day.
This is a very high level description. More complete references on Fibonacci A-B-C's, confluence, and volumes can be found elsewhere on the Internet.