I personally would not call that divergence. In order to
have divergence- price should make a consecutive move in a
direction while the indicator makes a consecutive move in the
opposite direction. In this case price is not making a higher
high it is simply going sideways. The indicators are just
reflecting that fact.
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I personally would not call
SZYM Bull Flag
Posted by johnc on 14th of Jun 2012 at 01:14 pm
I personally would not call that divergence. In order to have divergence- price should make a consecutive move in a direction while the indicator makes a consecutive move in the opposite direction. In this case price is not making a higher high it is simply going sideways. The indicators are just reflecting that fact.