Wyckoff trading method, page-1117

  1. 4 Posts.
    Here is something everyone might find interesting. This is a example of a Wyckoff double divergence.....
    The following chart shows a recent double divergence between the OP/Price for December Crude Oil Futures.
    You can see that as the Technometer reached overbought at the blue circle, the price made its final high, and has been in a sustained downtrend since.  It is now entering oversold territory, so we would expect a corrective rally.
    Last edited by Wyckoff SMI: 02/11/16
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.