This could be a long term reversal for USD / JPY. Long if TRIX goes above mid-point (almost there). Use pull backs on lower time frames for entries.
Comments
nmike
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>>>>>> this is why I love divergences, especially on long term frames like the weekly and monthly
littleriver
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I have been thinking about these divergences on different time frames. Would you say as a general rule of thumb, the larger the time frame the bigger the move and the longer it may take to play out ?
nmike
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@ littleriver yes indeed, but sometimes corrections can come fast especially with individual stocks,take a look at this chart of ABX
nmike
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nice..........above REDS......
nmike
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>>>>big green candle above channel in progress, TRIX currently above mid-point