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 for an analysis based on the principle of Harmony & Divergence in relation to a chart's uptrend, specifically whether this trend will continue or reverse. It involves interpreting technical analysis concepts in trading.
Answer
The uptrend should continue if there is no divergence.
The final answer is: Without evidence of divergence, the uptrend should continue.
Answer for screen readers
The final answer is: Without evidence of divergence, the uptrend should continue.
More Information
Divergence generally indicates a weakening trend, where a reversal may be possible. Without this signal, the current trend is more likely to persist.
Tips
A common mistake is assuming divergence signals a reversal in all cases. It could also indicate a temporary slowdown or continuation.
Sources
- Based on the principle of Harmony & Divergence - quizgecko.com
- What Is Divergence in Technical Analysis and Trading? - investopedia.com
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