BULLISH DIVERGENCE = Share price vs Macd7 Sep 2020 17:20
A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
We had this on Friday . It was a new lower low since the lowest low in April whilst at the same time the macd has risen from the same point in April
This could signify a change of trend will happen in the near future . Like I said before , there can’t be many sellers left at this level , so the only way is up when the bulls start returning Imho
GLA