DAILY FEATURED CHART 2/6/03
- 02/06/03 - Divergence is a great tool to master.. We have regular divergence here and reverse divergence. And one of my favorite 162% fib extension for potential targets and reversals. Woodie is a great teacher in using CCI and divergence.
My rules are a bit different from Woodie.
Here is one difference, as shown here I do not limit myself to a number of bars
between the swings to determine divergence. Trigger #3 is a good example of this
where there are 38 bars between the pivots that I am measuring hidden
divergence. Lots or ways to skin a cat in trading. Everyone can be correct.
click chart to enlarge