Up-Trend. Price at the lower band.
Comment:
Something else. When you draw waves by your self you can't quantify the process.. But with zig zag you can because the generation of the waves are ruled based and automated... Means 100% objectivity
I added an other indicator. ZIG ZAG. A lot of people laugh with this but its an extremely useful indicator to help you identify with absolute objectivity the price waves. As you can you i got a divergence but there is no second price wave to count. I think this is a good way to avoid "fake" divergence signals. Its not about the indicator. Its about the price essentially. Hope this comment helped you. I just figure it out and i said lets share it! :)