Based on the principle of Harmony & Divergence, should we expect this uptrend to continue higher or reverse and move lower?
Understand the Problem
The question is asking whether, based on the principle of Harmony & Divergence, the current uptrend in a chart should be expected to continue or reverse. It involves analyzing market behavior and trends.
Answer
Continue higher.
The uptrend is expected to continue higher if there is no evidence of divergence.
Answer for screen readers
The uptrend is expected to continue higher if there is no evidence of divergence.
More Information
According to the principle of Harmony & Divergence, an uptrend should continue if there is no divergence. Divergence is often a warning of a potential trend reversal.
Tips
Common mistakes include incorrectly identifying or failing to identify divergence, which could lead to an inaccurate prediction of trend continuation or reversal.
Sources
- Based on the principle of Harmony & Divergence - quizgecko.com
- What Is Divergence in Technical Analysis and Trading? - investopedia.com
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