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.
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.