Divergence Chart

August 25, 2006 by Trader Rich

As most of you are aware, divergence can be a good predictor of future price. I posted a couple of weeks ago the differences between the following types of divergences:

Classic Bullish Divergence
Classic Bearish Divergence
Bearish Hidden Divergence
Bullish Hidden Divergence

For someone that hasn't been doing this for years and years, it isn't always easy for me to look at a chart and immediately see that a certain type of divergence is evident. These 4 types of divergences have 4 totally different characteristics and I've been known to make a mistake identifying them. Therefore, I have created a divergence identification chart PDF complete with charts. It's only 2 pages and printed in landscape can really help a lot with spotting divergences. Check it out.

Forex divergence 25/08/2006,14:53 90.84 Kb