Yes, but my execution sucked this last round, the tweeds caught me off-guard near recent highs.
"Divergence OFTEN front runs price directional change.
Not EVERY time...and not for ALL directional changes.
You will see that some divergences print which do not result in price directional change.
But they do front run OFTEN enough to profit from.
Here is an example on a relatively long term chart of the current session
showing a divergence that front ran a price reversal.
"Normally" the highs and lows of indicators mimic the highs and lows of price.
When they don't, it's divergence.
Divergence can print on any time frame chart you may choose to view
and in any market you may choose to trade.
You have to decide when or whether to use it...It's just a technical analyst tool.
Sometimes you catch a RUNNER
Gotta love T/A patterns and the interpretations...
("the longer the time frame, the stronger the pattern" ... right?)
I see it but some might dismiss the cup-n'handle and just call it a "V" bottom.
IMO, patterns-is-patterns regardless of the market and regardless of the time frame you like to use.
For me it's easier to interpret the reactions of people via charts than
trying to guess their reaction to "real or fake news" (fundamentals?).
I'm one of those people who accept the idea that charts & prices reflect
sentiment better than coffee table opinions...tho either can be fun.
BTW, it's looking like those stats you(me) posted earlier about Monday-drops may have to be adjusted
to add another recovery-week-gain to the specs. "