brazo581
Short

Bearisch Divergence on ABB - Opportunity for shorting

NYSE:ABB   ABB LTD ADR EACH REPR 1 ORD CHF1.03
NYSE:ABB
Time for a bit a of Divergency Trading.

ABB shows a bearish divergence in price and MACD .
A divergence is a powerful pattern that means in case of ABB while prices went up, MACD only reached a shallower high creating a bearish divergence.

A pull back of prices into the zone between EMAs 13 && 26 bars could happen here.


Trade active: Yesterday the MACD down tick happened which is a trading signal.
Trade closed: target reached: Initial target of 23.60 reached. You can even get 23.50
I would close now but got stopped out yesterday already by a badly set stp loss.
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