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Bullish Hidden Divergence vs Bearish Hidden Divergence

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FORTESCUE LTD (ASX:FMG)  
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ASX:FMG   FORTESCUE LTD
Trend Analysis Chart Patterns Oscillators bullishhiddendivergence bearishhiddendivergence trendoscope hewhomustnotbenamed Contains image
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trendanalysis chartpattern oscillator bullishhiddendivergence bearishhiddendivergence trendoscope hewhomustnotbenamed containsimage
Here is an explanation on the Bullish and Bearish Hidden Divergence concepts

Rules are as follows:

Bullish Hidden Divergence
  • Happens only in uptrend
  • Observed on pivot lows
  • Price makes higher low, whereas indicator makes lower low due to price consolidation. In bullish trend, this is considered as bullish as the price gets a breather and get ready to surge further.

Bearish Hidden Divergence
  • Happens only in downtrend
  • Observed on pivot Highs
  • Price makes lower high whereas oscillator makes higher high due to price consolidation. In bearish trend, this is considered as bearish as the price gets a breather and get ready to fall further.

    Watch out for breakouts against the trend.
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