Divergences Explained by a RaccoonThis video's purpose is to go over the fundamentals of divergences.
How to spot them and the effects they have.
I might make a video later on practical application and how to trade them; as well as how to combine them with other technical analysis tools and techniques.
And I should be doing a stream soon where we just spend an hour hunting divergences on different commodities; whether it's crytpo, stonks, or forex.
I hope this helps those trying to understand divergences.
Let me know if anything seems off or is confusing, I am more than happy to make another video to clarify anything that seems off or incomplete.
Thanks for watching.
Raccoon
Ramblin' Raccoon: Divergences Explained by a RaccoonThis video is my attempt at simplifying and clarifying how to identify and spot divergences.
THE MAIN TAKE AWAY:
Bearish divergences are spotted by using the peaks of price and oscillators.
Bullish divergences are spotted by using the valleys of price and oscillators.
Bullish Divergence is actually a convergence. (wedgey)
Bearish Divergence is a true divergence. (expandy)
Hidden Bullish Divergence is a convergence.(expandy)
Hidden Bearish Divergence is actually a convergence. (wedgey)
Bearish/Bullish Divergences are potential reversals.
Hidden Bearish/Bullish Divergences are potential continuations.
Ramblin' Raccoon: Indicator JunkyI made this video to answer the questions I get about all those indicators I have on the left side of my screen.
Basically, I like experimenting.
The takeaway? I don't use them all. I don't use them all at once. I use some often, and others for context specific data.
