Since MACD vs Chart does not support the call of Divergence, if there is indeed any on another indicator it is not getting enough confirmation from other indicators to place much confidence in it. Just my opinion.

EURUSD

Well, I don't see anyone posting a supporting chart. So here is the 1H chart I see, which tells a BULLISH story based on Divergence.

EURUSD

Show me a chart.

EURUSD

It could go either way, but the 30M is showing pattern of higher highs and higher lows. And the PA is coming up out of a Bollinger Band squeeze.

EURUSD

No, it is NOT Divergent.....both TOP patterns decline.

EURUSD

The 4H chart as been showing Convergence (type of divergence) in which the lows have been lower and the MACD lows went higher.....a BULLISH sign. And subsequently the PA has been whipsawing up. Remember, if you see Divergence/Convergence when ...

EURUSD

Bollinger Band Pinch & Fibonacci Extension... — I agree with you. And I believe accumulation is present at the PPZ.

EURUSD

In spite of time of day, this looks strong. Re-entered higher and am targeting 1.2956, based on BB extensions on the 30M chart. Edit: Again, due to late time in session, I am targeting 1.2900 for exit, the 100% Fib. Ext. level on the 30M chart. ...

Sonic R. System

Trade opened and closed. Too late in day to risk letting it run with such a good, quick profit.

Sonic R. System

And these L-H-L's are already in place (see boxed arrows).....

Sonic R. System

Thanks....it is working.

Sonic R. System

EurUsd on 15M chart shows possibilities. First low and first high in. PA is in area to make a higher second low. If it does, then a move towards and thru first high may be acceptable entry long. Just an opinion.....already late in day and even if we ...

Sonic R. System

Wallst500, that Fibtools pdf doc. is corrupted and will not open. Can you repost a working version?

Sonic R. System

No, I did not miss the word "bounce...". Nor did I miss "...pullback to enter a long trade with ISL@ 12620..." which suggests the bounce taking place much, much higher than what would qualify for a Double Bottom.

EURUSD

If that is going to happen, it will take at least a few days to set up. We are currently and soundly entrenched in a downtrend. I would expect at least a second attempt at a bottom (= Double Bottom) before any real move to the upside. Just an ...

EURUSD

Many thanks for the links. PPZ is very well presented there.

EURUSD

Then, are you referring to the areas around most notable previous support/resistance lines, or Fib. Pivots/Daily Pivots, or something else....in which case, would there be an indicator that shows it?

EURUSD

PPZ.....a term you have thrown out before. What does it stand for?

EURUSD

I am getting 1.2636, both from the "fib. retrace bi-sect" as well as the doji high on the 30M chart two days ago....but what is a few pips, anyway.

EURUSD

Boredtoloose....what do you mean when you say a price is "protected"? And would a chart help explain that meaning?

EURUSD