The strongest signal in technical analysis: Divergences and trend reversals
Original title: Two Roads Diverged: Trading Divergences
Author: Alexander Elder
Publisher: Alpina Publisher, 2014.
ISBN 978-5-9614-2254-2
Pages: 96 pp.
Format: 70×100/32 (120x165 mm)
Circulation: 2,000 copies.
Weight: 150 g
Binding: Hardcover
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A book about proper work with divergence
Discrepancy - is the inconsistency in the behavior of indicators and prices. Bullish divergences are observed near the bottom of the market, and bearish divergences near the peak. Many traders treat these words too loosely. I, on the other hand, want to make these important concepts very clear. The purpose of this book is to help you play with confidence on price trends and recognize the approach of reversals before everyone knows about them. Alexander Elder
About the book "The Strongest Signal in Technical Analysis: Divergences and Trend Swings
Divergence - the most reliable and operational signal of the turn trend. Alexander Elder, one of the world's leading trading specialists, shows how to use the divergence (inconsistency in the behavior of indicators and prices) in practice. The book will be interesting for long-term investors and traders, as well as for intraday trading specialists.
Why The Strongest Signal in Technical Analysis is Worth Reading
From this book you will learn that:
- Discrepancy - is the inconsistency in the behavior of indicators and prices.
- When looking for divergences, you need to look at the behavior of the indicator and then at the behavior of prices.
- Divergence is especially useful for traders on reversals.
- The condition for a classic divergence is that the indicator crosses the zero line between two troughs or tops. No intersection - no divergence.
And a lot of useful information that will help you to master the subject and play with confidence on the stock exchange.
Alexander Elder - Professional trader, author of a number of world bestsellers, among which the book "How to Play and Win at the Stock Exchange" translated into 12 languages and "Trading with Dr. Elder". In 1988, Elder founded Elder.com, which has become one of the leading trader training firms. He advises private traders and financial institutions and conducts seminars for traders. His firm produces video tutorials and literature on stock trading.