Ramblin' Raccoon: Divergences Explained by a Raccoon

This video is my attempt at simplifying and clarifying how to identify and spot divergences.

THE MAIN TAKE AWAY:

Bearish divergences are spotted by using the peaks of price and oscillators.

Bullish divergences are spotted by using the valleys of price and oscillators.

Bullish Divergence is actually a convergence. (wedgey)
Bearish Divergence is a true divergence. (expandy)

Hidden Bullish Divergence is a convergence.(expandy)
Hidden Bearish Divergence is actually a convergence. (wedgey)

Bearish/Bullish Divergences are potential reversals.

Hidden Bearish/Bullish Divergences are potential continuations.