EURUSD - Trends, Forecasts and Implications (Part 3) - page 454
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oops, while I was explaining myself, the order was already off!
Anyway, look for diverters on three frames in a row - a sure sign of three waves of correction.
Show in your drawings the convergence trend lines you see (as I underlined in my drawing on the previous page)...
and is it OK that I can't draw on charts?
each has its own disadvantages, don't you think?
I wrote above about Н1 - I marked two fractals there, draw a line through them (or connect them with a line) and, accordingly, draw a line connecting oscillator readings corresponding to these bars in a separate window below where the OsMA is, and you'll be happy - convergence!
Then please go through pages 388, 414 and 423 and see how we concluded about the inevitable decline of the pair by analysing the indicator reading.
http://fxgeneral.com/81-34-divergenciya-i-konvergenciya.html
This is where the convergence was
Margaret is a divergence//// convergence is just the opposite
Mapgaret is divergence//// convergence is just the opposite
Before you make remarks to me read this link and then we'll talk....
https://www.mql5.com/go?link=http://fxgeneral.com/81-34-divergenciya-i-konvergenciya.html
Such a divergence is also commonly referred to as "bullish divergence" (position #2 in Figure 1)
This is a bullish divergence (I have a divergence TS) - the one you showed //// and here's the conversion
What is the similarity with your screenshot?
Adivergence is a divergence between the market price chart and an indicator chart, when a new high of the market price corresponds to a new low of the indicator maximum. This divergence is also called "bearish divergence"(position 1 in Figure 1) - it is based on local maximums of the market price and the indicator, and is an additional factor for trend reversal, giving the trader a signal tosell.
Convergence is a divergence between the market price and indicator chart, when a new low of the market price corresponds to a new high low of the indicator. Such a divergence is also called "bullish divergence" (position 2 in picture 1) - it is based on local lows of the market price and the indicator, and is also an additional factor of trend changing, giving the trader a signal tobuy.
And my screen you are talking about divergence, not convergence
m argaret
If offended - sorry - didn't mean to - rather the opposite - wanted to show where - bull/bear diver and the bullish/bearish envelope