EURUSD - Trends, Forecasts and Implications (Part 3) - page 172

 

Information on the yen

http://www.bloom-boom.ru/blog/10696.html

http://ruforum.mt5.com/showthread.php?t=4904&p=466047&viewfull=1#post466047

 
Lesta:

Can I have a screenshot?
 
voinG:
what do you mean by reverse? divergence sell, convergence buy?
Yes
 
I think we'll stop at 1.39 today...
 
margaret:


sweetheart is a divergence
 
margaret:


Divergence you have

* Vlad's ahead of the curve *

 
Lesta:

You have a divergence of opinion.

overdrinking beer
 
Right. And convergence is a convergence, i.e. a confirmation of a CONTINUING trend, not a reversal.
 

Divergence is a divergence between the market price chart and the indicator chart, when a new high market price maximum corresponds to a new low indicator maximum. This divergence is also called "bearish divergence"(position 1 in Figure 1) - it is based on local maximums of the market price and the indicator, and is an additional factor for trend reversal, giving the trader a signal tosell.

Convergence is a divergence between the market price and indicator chart, when a new low of the market price corresponds to a new high low of the indicator. This divergence is also called "bullish divergence "(position 2 in picture 1) - it is based on local lows of the market price and indicator, and is also an additional factor of trend change, giving the trader a signal tobuy.


 
Noterday:
Right. And convergence is a convergence, i.e. a confirmation of a CONTINUING trend, not a reversal.

You're pissed off.
Reason: