Observe the given method to catch this kind of entry (where the arrow is shown).
Slight divergence on the weekly chart. This shows a possible uptrend. Check the daily chart for entry strategy.
On the daily chart, the early divergence gave the buying signal from where the price started the big rally of almost 25%
When divergence was visible in the oscillator, price gave a flat bottom, and that's where we can enter with a stop below that bottom. Also, observe the oscillator slope,it is making higher high and price making lower low and before the rally it gave flat price action.
Slight divergence on the weekly chart. This shows a possible uptrend. Check the daily chart for entry strategy.
On the daily chart, the early divergence gave the buying signal from where the price started the big rally of almost 25%
When divergence was visible in the oscillator, price gave a flat bottom, and that's where we can enter with a stop below that bottom. Also, observe the oscillator slope,it is making higher high and price making lower low and before the rally it gave flat price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.