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 the current uptrend in the provided chart is expected to continue higher or if it will reverse and move lower, based on the principles of Harmony & Divergence.
Answer
Continue
The uptrend should continue if there is no divergence detected in the chart.
Answer for screen readers
The uptrend should continue if there is no divergence detected in the chart.
More Information
Divergence occurs when the price of an asset and a technical indicator move in opposite directions, signaling a potential reversal.
Tips
A common mistake is to overlook the lack of divergence and incorrectly predict a trend reversal when the uptrend is likely to continue.
Sources
- Based on the principle of Harmony & Divergence, should we expect ... - quizgecko.com
- What Is Divergence in Technical Analysis and Trading? - Investopedia - investopedia.com
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