What is Convergence?
When the price of an asset and a technical indicator move in the same direction, confirming the current trend.
In-Depth Explanation
Practical Example
"The price makes a higher high and the RSI also makes a higher high, showing bullish convergence."
Related Terminology
Divergence
When the price of an asset moves in the opposite direction of a technical indicator.
Momentum
The speed or velocity of price changes in a security or market.
Bull Market
A market condition where prices are rising or expected to rise.
Bear Market
A market condition where prices are falling or expected to fall.
Tradeable Instruments Affected
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