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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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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?"
