European bearish divergences

A series of multiple bearish divergence continue to be unresolved on most European markets. (Divergence occurs when the indicator fails to imitate the pattern on the price chart, a sign of trend weakness and likely reversal).

A triple divergence occurs when a divergence has given an incorrect signal. Instead of reversing direction, price has made a new, higher High (in an up-trend) or lower Low (in a down-trend). If the indicator repeats its signal by making another lower High (in an up-trend) or higher Low (in a down-trend), this is an even stronger signal than the original divergence.









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