-ve divergence persisting in the hour charts ..
Prices making higher
tops and macd is making lower highs as seen in the charts . -ve divergence persisting since 5650 as marked in the charts .But prices are maintaing
the close near the highs and above Day Ema and DHEma ..I have already lost a few points trying to trade this
divergence ...Now no shorting till we
get a close below DEma presently at 5699.
21 Hr Ema at 5714.
34 Hr Ema at 5700.
Hour low ema I feel is susptible to whipsaw , so putting my trust with 21 / 34 hr ema and Day Ema .
Below 5700 weakness and confirmation of -ve divergence . One more Confirmation could be Fast Macd crossing zero line on Hour TF .
