Long
MGI BULLISH DIVERGENCE
bullish and bearish divergence with price is one of the factors that traders use to judge the end of a trend or strong directional move. Usually some kind of tradable reversal takes place after a bullish or bearish divergence between the MACD indicator and price.
Here We have Class A bullish divergence on the MACD and RSI. I'm buying back in based on these coinciding variables. If i am wrong let me know i am new to trading and doing this to learn.
Here We have Class A bullish divergence on the MACD and RSI. I'm buying back in based on these coinciding variables. If i am wrong let me know i am new to trading and doing this to learn.
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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.