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4x Target
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Posts posted by 4x Target
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Not necessarily but it does offer great confirmation to price action off support/resistance pivots etc.
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12_11_11_USDCAD_4H
Negative divergence points to a short term pullback on 5th wave
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With that descending trend line holding on Fri. we see some Positive Divergence occurring on the Oscillators and RSI. Watch for price action reversal and a break of the resistance for an interim move upwards. http://bit.ly/Pzj46r
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Still looking at some 15M down side w/ hidden divergence; not exp. lower than 61.8 fib retrace into congestion before 5th wave up.
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“Always seek out differing opinions and challenge your beliefs. Except when you know you’re right, then everyone's BS is just a distraction."