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Enjoy tonight’s video, and enjoy your evening.
https://www.youtube.com/watch?v=Zkcx_ppsSkA
Thanks, Mupp
I think its time to take the piker plunge. Last week’s 12631 trade notifications were indispensable.
Thank you, sir.
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Great !
As always !
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Chess,
I am seein’ a lot of Reverse (Hidden) Divergences … in my chart analysis !
Typically … a “Bearish Divergence” is considered to be …
HIGHER HIGH on the chart …
LOWER HIGH on a Momentum Indicator ….
—–
What I am starting to see more and more just recently is what is called “Reverse” (or, Hidden) Divergence !
That is (in the case of a Bearish Hidden Devergence) …
… Price makes a Lower pivot HIGH … while a Momentum Indicator makes a HIGHER HIGH !
This CAN be and HAS been … very good at signaling continued BEARISH price action !
ANY THOUGHTS ???
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Thank you, alf.
Excellent point. That is a not-often discussed aspect of technical analysis, often seen with RSI & MACD in a corrective market.
Disagree on Energy: Historically Energy is a leading indicator: Crude was well ahead/and in correlation w the China Bull that lasted a decade: the Financial Crisis ended Crude’s run: IN a globalized world Crude is an INDEX for Global Growth: that of course is still in question