Div
Divergence
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Divergence occurs when the price action makes new higher highs while the indicator (RSI in this case) makes lower highs.
"this is what we call divergence is the indicator moving contrary or opposite to the way price itself..."
May 12, 2020
Pending
A new high in price is not confirmed for divergence analysis until it becomes a 'swing high', indicated by a subsequent pullback, to avoid false signals from continuous upward momentum.
"in order to classify this as a new high we need to wait until it turns into a swing high and have ru..."
May 12, 2020
Pending
When looking for a potential second high for divergence analysis, the focus is on confirming the first high as a 'swing high' by observing a two-candle pullback (two red candles).
"in order to look for this second high right now where price is I wouldn't even be looking at my RSI ..."
May 12, 2020
Pending
The video will now explain how to identify divergence on currency pairs.
"we have divergence so now you know what divergence is let's move on to the second part which is how ..."
May 12, 2020
Pending
Divergence is a reversal indication and is most effective in trending markets; it does not work well in consolidation.
"divergence is an indication so with that being the case with it being a reversal indication I need t..."
May 12, 2020
Pending
To identify potential divergence, the speaker ensures the RSI is either overbought or oversold before looking for divergence signals.
"the way I do that is by making sure the RSI is either overbought or oversold before I look for diver..."
May 12, 2020
Pending
The first rule for spotting divergence is that the market must be exiting an overbought or oversold condition.
"rule number one in order to spot divergence we need the market to be coming out of an overbought sit..."
May 12, 2020
Pending
When looking for a potential second high for divergence analysis, the focus is on confirming the first high as a 'swing high' by observing a two-candle pullback (two red candles).
"in order to look for this second high right now where price is I wouldn't even be looking at my RSI ..."
May 12, 2020
Pending
Once divergence is spotted, the next step is to learn how to use this information to find better trading opportunities.
"so at this point I can see that we have divergence and now that you know how to spot divergence in a..."
May 12, 2020
Pending
To spot divergence for selling, the RSI must be overbought. After this, a single higher high is not enough; it must be a swing high, identified by a two-candle pullback.
"rule number one I want to make sure the RSI is overbought before I start looking for divergence to t..."
May 12, 2020
Pending
Divergence occurs when price action forms higher highs while the indicator forms lower highs.
"this is what we call divergence is the indicator moving contrary or opposite to the way price itself..."
May 12, 2020
Pending
Divergence signals that the current price and trend might be weakening and could lead to a reversal.
"the use of divergence says that it warns that the current price and trend may be weakening and in so..."
May 12, 2020
Pending
On the example chart (Aussie Yen 15-minute), price made a higher high, but the RSI indicator made a lower high, indicating divergence.
"we have a high here we then have a new higher high on the oscillator on this case we're using the RS..."
May 12, 2020
Pending