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Is this Bullish Divergence?


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Is this Bullish Divergence?

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  #1 (permalink)
 prisonbreaker82 
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Hi there!

I have a question about Divergence.

In attached image you can see a 60min chart of TZA. I have identified Bullish Divergence on three bottoms as marked in red below. On the fourth bottom, we have a new low, but on the MACD It does not show a new "low" below 0. Do it have to be below 0 to be a higher low on the MACD to be treated as a Bullish Divergence?

Hope you understand my question!


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 LukeGeniol 
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Ja, it is...

Take your Pips, go out and Live.
Luke.
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 prisonbreaker82 
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LukeGeniol View Post
Ja, it is...

Sorry, I did not understood your answer. Did you answer this question?
"Do it have to be below 0 to be a higher low on the MACD to be treated as a Bullish Divergence?"

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 LukeGeniol 
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Sorry, it's a bullish divergence, and yes MACD have to be under the 0 generally, cos it correspond to price LL .

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Luke.
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