bullish/bearish divergence

Discussion in 'Technical Analysis' started by driesdep, Sep 6, 2021.

bullish/bearish divergence

  1. bullish/bearish divergence

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  2. bullish/bearish divergence

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  1. driesdep

    driesdep

    hi,
    I am a little bit stuck of how to recognize divergence ...
    The problem is you can zoom in/out of a stock. And so the angle of the divergence line
    is also changing, from a real angle , to almost no angle; and this a the same place ...

    I have add 2 images where i try to explain the problem :
    BullDiv1 : scale is very zoomed in : almost no angle
    BullDiv2 : I zoomed the scale out : the angle is much bigger .

    But how should i really handle this problem ?
     
  2. maxinger

    maxinger

    1. simply delete the RSI and divergence studies books.
    the divergence problem / confusion / headache / inconsistency will disappear right away.


    2. then draw the rectangle


    After you have read those books, you have to cleanse your mind,
    and develop your own holy grail.



    ether.png
     
    Last edited: Sep 6, 2021
    JSOP and qlai like this.
  3. momo3HC

    momo3HC

    First zoon out a bit this scale and second there`s almost no divergence is this pictures.
     
    JSOP likes this.
  4. padutrader

    padutrader

    you could have the same amount of zoom