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Re: Reversal Swing Convergence Divergence

Tech,
There's no fool like an old fool (me)
but just could not resist ------------

Looking at your first chart.
The highest point of the price is giving a bearish divergence - what happened?

and the lowest point of the price is also a bullish divergence - what was the outcome?

On your second chart
The two price pivot highs could technically be classified by what I think is termed a class 2 diversion - what resulted?
Personally I would not have taken that trade

Hind sight analysis - yes, but then again I suspect so is yours?

Same again
Have a nice day
Peter

PS I only take trades which are obvious, I do not look for a reason to "find" a trade

<blockquote data-quote="BBand" data-source="post: 573251" data-attributes="member: 7461">Re: Reversal Swing Convergence DivergenceTech, There&#039;s no fool like an old fool (me)but just could not resist ------------Looking at your first chart.The highest point of the price is giving a bearish divergence - what happened?and the lowest point of the price is also a bullish divergence - what was the outcome?On your second chartThe two price pivot highs could technically be classified by what I think is termed a class 2 diversion - what resulted?Personally I would not have taken that tradeHind sight analysis - yes, but then again I suspect so is yours?Same againHave a nice dayPeter <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />PS I only take trades which are obvious, I do not look for a reason to &quot;find&quot; a trade</blockquote>

[QUOTE="BBand, post: 573251, member: 7461"] [b]Re: Reversal Swing Convergence Divergence[/b] Tech, There's no fool like an old fool (me) but just could not resist ------------ Looking at your first chart. The highest point of the price is giving a bearish divergence - what happened? and the lowest point of the price is also a bullish divergence - what was the outcome? On your second chart The two price pivot highs could technically be classified by what I think is termed a class 2 diversion - what resulted? Personally I would not have taken that trade Hind sight analysis - yes, but then again I suspect so is yours? Same again Have a nice day Peter :) :) PS I only take trades which are obvious, I do not look for a reason to "find" a trade [/QUOTE]

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