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.