This TA should give you better understanding of divergences
On the 2D chart at left side you can see bullish divergence which formed from November to December 2018
And I called it here as a bottom
Then bearish divergence formed from May to Jun and I called it as a top and reversal here
If you take a look at the right side which is 5H timeframe you can see that the trend looks very similliar.
Triangle consolidation with break down, massive drop and then bulish divergence formation
Overall long term trend is pointing up
On the 2D chart at left side you can see bullish divergence which formed from November to December 2018
And I called it here as a bottom
Then bearish divergence formed from May to Jun and I called it as a top and reversal here
If you take a look at the right side which is 5H timeframe you can see that the trend looks very similliar.
Triangle consolidation with break down, massive drop and then bulish divergence formation
Overall long term trend is pointing up
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IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
