Just curious if you're in this trade. So far a complete loser. Broke its trendline lower than moved right back in to its channel and continuing higher. ?
ernstschwarz
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hi victor.
lately i am working myself into hidden divergence stuff, which is trend continuation indication. like in this one here we see the new low in price is not taking out the price low at feb.22nd while the new low the rsi indication prints is lower than the rsi low on feb22nd. for me a case of hidden divergence which indicates trendcontinuation to the upside for at least one more up. what you think about that?
ernstschwarz
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@ernstschwarz, would still be interesting what you think of my problem with trend continuation signals from hidden div.
vmanena
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@ernstschwarz, ee don't look at the charts with the same eyes, hence I cannot comment on your strategy. I use the Elliot Wave theory for my analysis
where was your stop loss on this?