Bala, not answering for ST but culling from his teachings in this thread...
Scenario 1: Price taking high and stocha taking low --------ended in down
Ans : This is in line with the divergence.
Scenario 2: Price taking high and stocha taking low --------ended in up
Ans : In this chart, also draw lines along the
bottom of the price and stochs, and you will find that price lows remain flattish (11.30 onwards), the stoch lows are rising, and that's a hidden bullish divergence.
Hello ST,
Could you please explain me how to handle the following two scenarios?
Thanks
Bala
But even I am a bit how to handle the 5 bars OB scenarios, so I avoid them altogether