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Is this Bullish Divergence?
Updated February 10, 2011
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Is this Bullish Divergence?
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#1 (permalink )
Rio de Janeiro
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire, IB
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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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#3 (permalink )
Italy (IT)
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Take your Pips , go out and Live .
Luke.
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#4 (permalink )
Rio de Janeiro
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LukeGeniol
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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#5 (permalink )
Italy (IT)
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
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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 .
Take your Pips , go out and Live .
Luke.
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Last Updated on February 10, 2011
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