- Bar Chart of TAXI.jk, indonesian stock
- MACD-H (26,12,9)
- MACD-Line (26,12,9)
Bullish Divergence def.
A bullish divergence consists of two price bottoms separated by a rally, with the second bottom lower than the first. At the same time an indicator traces a similar pattern, crossing above the zero line between two bottoms, only its second bottom is higher than the first. (Alexander Elder)
a-b-c (bullish divergence)
- bottom a is much higher than bottom c separated by b, but the price at a much lower than c
- Bullish div. complete when MACD-H ticks up, it gives b. sig. (buy signal)
a-d-e (bullish divergence?)
- bottom e macd-h is still going down
- buy when macd-h ticks up?
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