Bullish Hidden Divergence vs Bearish Hidden DivergenceHere is an explanation on the Bullish and Bearish Hidden Divergence concepts
Rules are as follows:
Bullish Hidden Divergence
Happens only in uptrend
Observed on pivot lows
Price makes higher low, whereas indicator makes lower low due to price consolidation. In bullish trend, this is considered as bullish as the price gets a breather and get ready to surge further.
Bearish Hidden Divergence
Happens only in downtrend
Observed on pivot Highs
Price makes lower high whereas oscillator makes higher high due to price consolidation. In bearish trend, this is considered as bearish as the price gets a breather and get ready to fall further.
Watch out for breakouts against the trend.
Bearishhiddendivergence
UK100 Short Term Sell IdeaD1 - Bearish convergence followed by a pullback,
Bearish hidden divergence.
Price is bouncing lower from a strong resistance zone.
No opposite signs.
H4 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
EURGBP Short Term Sell IdeaH4 - Bearish divergence.
Lower lows.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
AUDNZD Short Term Sell IdeaD1 - Price has reached a key resistance zone.
Bearish hidden divergence followed by continuing bearish divergence.
H4 - False break with bearish divergence.
If the price breaks below the last low at 1.09283 with momentum I may then expect short term bearish moves to happen here.
Alternatively if the price moves higher breaks and holds above the key resistance zone then this bearish view will be invalidated.
AUDNZD Short Term Sell IdeaD1 - Price reached a strong resistance zone and is bouncing lower.
Bearish hidden divergence.
H4 - Bearish divergence.
Until the key resistance zone holds my short term view remains bearish here.
A valid breakout below the last low at 1.07980 would be the validation for this short term bearish view,
EURCAD Short Term Sell IdeaH4 - Lower lows.
Currently it looks like a correction is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Bearish divergence.
Until the two strong resistance zone holds my short term view remains bearish here.
A valid breakout below the most recent uptrend line would be the validation for this bearish view.
CADJPY Short Term Sell IdeaH4 - Price respected a key resistance zone and is bouncing lower.
Bearish hidden divergence followed by continuing divergence.
Most recent uptrend line breakout
H1 - Bearish convergence
Currently it looks like a correction is happening.
Until the key resistance zone holds my short term view remains bearish here.
EURUSD Short Term Sell IdeaD1 - Price has reached a strong resistance zone.
Bearish hidden divergence.
No signs of trend change.
H4 - Bearish trend pattern followed by potential double wave correction.
Bearish divergence.
Until the two key resistance zones hold my short term view remains bearish here. A valid breakout below the most recent uptrend line would be the validation for this bearish view.