(I made a mistake, posted the wrong chart for the Reverse BULLISH Divergence, it was a reverse BEARISH one). Sorry :)
Reverse Bearish Divergence, often referred to simply as "bearish divergence," occurs in technical analysis when the price of an asset makes higher lows while an oscillator (such as the Relative Strength Index (RSI), Stochastic, or MACD) makes lower lows. This situation suggests that a reversal of a bigger trend can happen soon.
Reverse Bearish Divergence, often referred to simply as "bearish divergence," occurs in technical analysis when the price of an asset makes higher lows while an oscillator (such as the Relative Strength Index (RSI), Stochastic, or MACD) makes lower lows. This situation suggests that a reversal of a bigger trend can happen soon.
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There's a mess in definitions between bearish and bullish, reverse and simple both in my head and in the Net...need to sort it out :) Is that a bug in the code?!
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Alright, I got confused.Most people define Bullish ones as the divergences with dips, and the bearish as the divergences formed with price peaks.
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This one is a reverse bullish divergence 😌
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.