When you get a double top or double bottom in price and the oscillator either puts in a lower highs (bearish) or higher lows (bullish) this is known as an Exaggerated Divergence.
What we have here is a double top in price and lower highs on the MACD oscillator making an 'Exaggerated Bearish Divergence'.
What we have here is a double top in price and lower highs on the MACD oscillator making an 'Exaggerated Bearish Divergence'.
