Itinerant, too much to add in a single post. Simply put they are Confluence & convergence zones. The thing is that every chart is exactly the same without variation. The only factor that separates charts is the personality of the chart. To derive a charts personality many factors must be utilized. Confluence & convergence zones are part of that identification process.
I was once accused of using an “overly complicated tracking system” so the charts I post these days aren’t worked charts. They are simply charts that offer a visual representation to go with the analysis. This also helps the readers as the vast majority of them aren’t chartists or technical analysts.
MTH Price at posting:
6.9¢ Sentiment: None Disclosure: Not Held
