Here is failed divergence. We would put our stop in below the low and take the loss here. However, there was enough room to move one's stop to BE if one got in early enough here.
I've also put in a chart that shows somewhat dodgy divergence on the stochastics. If possible they should be between individual humps, rather than just a melt up. Also, we are looking for two troughs, this first melt up gave us no divergence between two lows.
I've also put in a chart that shows somewhat dodgy divergence on the stochastics. If possible they should be between individual humps, rather than just a melt up. Also, we are looking for two troughs, this first melt up gave us no divergence between two lows.