Bullish divergence with breakout of the falling wedge resistance, so it can't be an hidden bearish divergence
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We concluded on a double bullish divergence back in this time, after confirmation of an hidden bearish divergence.
Explanation : I showed a bullish simple divergence. But the price didn't break its trendline resistance, so this bullish div became an hidden bearish divergence (high bearish signal). Then another bullish divergence appeared to form a double bullish divergence with the old one : strong bullish signal.
Have a good day !
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Explanation : I showed a bullish simple divergence. But the price didn't break its trendline resistance, so this bullish div became an hidden bearish divergence (high bearish signal). Then another bullish divergence appeared to form a double bullish divergence with the old one : strong bullish signal.
Have a good day !