In this video, we talked about the technical analysis of the DAX index, the FTSE 100 index, the S&P 500 index, and the Nasdaq index. Our outlook is bearish for the following days. Why?
You will also recognize that we have used a term “divergence” a lot in this video. And while we explain it more in depth with an example, here is a short description:
Divergence occurs when the price of an asset moves in the opposite direction of an oscillator or other technical indicator. Divergence indicates that the present price trend may deteriorate and, in certain instances, may result in a price reversal. The video above provides a practical example of how divergence works.
If you like content such as this, feel free to check out our analysis from the last week here!
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