This kind of divergence is rarely seen on charts buh when they occur. it means a continuation of the prevailing trend. in this case , we are in a corrective uptrend and as you can see the price action is making higher lows , while the MAC D is making lower lows. we have a 4hr buy setup in play. i would wait for a break and a flag to enter the trade, my target is the top of that arrow.
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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.