hi there , convergence simply its mean that the trend its not finished yet not matter its down of up trend but in this case we have a down trend with convergence supportation, price convergence its support the continuation of downtrend , i,m afraid this up wave its a bull trap and later price will continue down , thanks
Most likely we are already seeing accumulation as described by Wyckoff. So the exit to the lower floors is simply a prerequisite for buying up an asset. Too many have decided that buying for a rally has already taken place. Not so fast.