This TA should give you better understanding of divergences
On the 2D chart at left side you can see bullish divergence which formed from November to December 2018
And I called it here as a bottom
Then bearish divergence formed from May to Jun and I called it as a top and reversal here
If you take a look at the right side which is 5H timeframe you can see that the trend looks very similliar.
Triangle consolidation with break down, massive drop and then bulish divergence formation
Overall long term trend is pointing up
On the 2D chart at left side you can see bullish divergence which formed from November to December 2018
And I called it here as a bottom
Then bearish divergence formed from May to Jun and I called it as a top and reversal here
If you take a look at the right side which is 5H timeframe you can see that the trend looks very similliar.
Triangle consolidation with break down, massive drop and then bulish divergence formation
Overall long term trend is pointing up
Anonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.