Wednesday, August 1, 2012

Waiting for divergence to emerge and indicate the move forward

So far the hourly chart made higher high and the line below also made a higher high. This is the trend normally observed during the 3rd wave. Now if the market moves down a little bit and again moves up to complete the wave five but the line below do not make another high above the previous one then it is an indication of the completion of wave 5. This will lead to negative divergence and market may fall from there. Let us watch this closely.

No comments:

Post a Comment