Trendlines can tell you the entire story. If Trend Lines are getting steeper from a base, MACD (momentum) Indicators are bullish. When the trendlines starts to flatten out after a steeper move, There will be a divergence. Also remember, indicators have look back period, When you draw a trendline, you can feel the chart.
Watch for the Trend Line to break to retest a good support.
GL.
Comments
UDAY_C_Santhakumar
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Guys, I am just sharing How the Indicators records divergences using trend lines. There is an inverse H&S pattern as well. Did not show that, because the message i am trying to convey can become confusing. So I tried to keep this clean.
FOREXEL
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There is a lot to learn from you, thanks for sharing! )