Is divergence trading an effective approach?

My understanding of divergences is clearly far more limited than the understanding of most posters in this thread. I've only ever known it to mean divergence between the peaks and troughs of price and an oscillator (this sort of thing: http://www.babypips.com/school/high-...eat-sheet.html). Therefore, I'm finding it difficult to understand what you mean when you say that divergence theory can be applied to 'price action type events like pivots and support/resistance'. In scenarios such as these, what is there to diverge?

Thanks for your help

@Rap Skallion how do u use moving average to trade divergence

Divergence was seen in crude H4 chart.crude price did not reverse trend..but crossed the median lone of pitch fork..and again bounced back from 135% retracement level..and has touched median line again...now what is the next trend for crude..any reply plzz.

For your pinwall: Types of Divergence indicators

Sixer

Set and forget trade using divergence......

i have been trading using divergance for almost a year . divergence if used with price action , support and resistance and keeping trend in focus yield good results . like every trading strategy it takes time to master . divergence is highly effective on 4 hr and daily time frames . it is not a tool to use in lesser time frame because of market noise .

look for divergence in double tops and double bottoms . you would be amazed by the results