You want to see divergence prior to any trigger to support your
entry. For example, I like to see 60 minute divergence at
least on a daily chart that has been hit hard. It may bounce
without such divergence but it's much less likely to succeed.
This is discussed in my tutorial and something you should
review.
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Matt I usually look for
FDX
Posted by panaprop on 8th of Dec 2015 at 03:27 pm
Matt I usually look for the divergence after the move up through 50% of previous day, is that not correct?
You want to see divergence
Posted by steve on 8th of Dec 2015 at 03:43 pm
You want to see divergence prior to any trigger to support your entry. For example, I like to see 60 minute divergence at least on a daily chart that has been hit hard. It may bounce without such divergence but it's much less likely to succeed. This is discussed in my tutorial and something you should review.