THE HAnDbook of TECHnICAl AnAlysIsFigure 27.20 depicts a price‐dynamic and price‐static confluence comprising
prior support and resistance being contained by a fixed percentage band on the
daily Gold chart.
Figure 27.21 depicts price currently finding resistance at a bearish dynamic
price confluence comprising a resistive Gann’s grid line coinciding with a down-
trending channel on the daily Silver chart.
Figure 27.22 depicts dynamic and static price confluence comprising a fixed
percentage envelope, prior support and resistance, channels, and trendlines on
the daily Gold chart. The dynamic and static price confluence provided a high‐
probability short entry at the test of trendlines T1 and T2. Short entries at Point
X at the test of the channel top and upper fixed percentage band also provided
for a profitable trade. Point Y now represents a potential support at the channel
bottom, comprising a supportive convergence of both the lower channel line and
lower Bollinger band boundary.
fIgure 27.19 Dynamic and Static Price Confluence on the Daily Gold Chart.
Source: MetaTrader 4
fIgure 27.20 Dynamic and Static Price Confluence the Daily Gold Chart.
Courtesy of Stockcharts.com