I read that your case would be a bullish divergence. Imo.
ahmetnmsl
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Nope.Hidden bearish divergence occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). Yes it is sometimes mixing for me too :)
Oscillators are most useful and issue their most valid trading signals when their readings diverge from prices. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again - often a bullish divergence marks the end of a downtrend.
nevermind, I see what you mean- thanks of the explanation.
ahmetnmsl
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ok thank you.
ahmetnmsl
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This is regular bullish divergence..Divergences fall into 2 groups. Regular and Hidden.. This definition is for a reversal (Regulars are for reversals) .. Hidden divergence is for continuation. I understand your confusion because i have been there too .
flintyu
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I'm with you on the market - bearish- I'm holding NVDA puts and several others. Do you play options?
ahmetnmsl
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Nope. I havent had experience with them. I trade only. mid to long term.