Hi, if there is a divergence in a bull sequence, there is a likelihood that following a subsequent bearish correction the price will move up to the lowest point of the divergence. Is that correct? Which indicator is the one using for spotting the divergence? And what are the parameters? Thank you!
eccenocte
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@Parabolica, Hi Parabolica, thx for ur comment. The current bull div testify it :) If interesting, in a previous post on XAUUSD, I explained the pot'l target from a divergence... See I said "potential" :)
eccenocte
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This chart uses the Commodity Channel Index based on the Close of 16 periods.