DislikedDivergence is every where now. But they're all opposite one each other. There's no clear signal now and still waiting![]()
.
Have a nice trading week everyone.Ignored
You can gauge the "meaning" or average potential of a particular divergence depending on each timeframe, thus being able to decide your way and the risk it involves.
For example, on EUR/USD:
Daily: we've got a bullish divergence that is just barely starting (thus hasn't developed its full potential yet).
H4 reverse bearish divergence already performed and was of short duration, and is now showing a strong uptrend.
H1 is turning down but is still in an uptrend.
M30 shows some indecision, we have two opposing divergences very near one from the other, which would give the idea of a momentarily sideways market.
M15 is already well advanced in its bearish divergence development.
M5 showed a reverse bullish divergence which was weak as the bear movement took over.
M1 is flat just now.
It will all depend on which is the main timeframe that you want to trade upon. But the overall trend looks clearly defined, at the moment.